The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (21%) Net income $32,000 -19,200 $12,800 -2,688 $10,112 Assets Balance Sheet $89,600 Debt Equity $89,600 Total $30,000 59,600 $89,600 Total Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,045 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $39,040. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN