The most recent financial statements for Kerch, Incorporated, are shown here (assuming no income taxes):

Income Statement		Balance Sheet
Sales	$ 4,500	Assets	$ 14,700	Debt	$ 10,600
Costs	3,390			Equity	4,100
Net income	$ 1,110	Total	$ 14,700	Total	$ 14,700

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,970.

What is the external financing needed?

Multiple Choice

• $3,609

• $3,329

• $3,199

• $3,454

• $3,079