The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $29,500 Costs -15,000 Taxable income $14,500 Taxes (21%) -3,045 Net income $11,455 Assets Balance Sheet $82,600 Debt Equity $30,000 52,600 Total $82,600 Total $82,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,150 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,925. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN