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The most recent financial statements for Martin, Inc., are shown here: Income Statement: Sales $ 2 4 , 5 5 0 Costs 1 4 ,

The most recent financial statements for Martin, Inc., are shown here:
Income Statement:
Sales $24,550 Costs 14,730 Taxable income $9,820 Taxes (21%)2,062 Net income $7,758
Balance Sheet:
Assets $93,290 Debt $33,000 Equity 60,290 Total $93,290 Total $93,290
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $955 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $29,951. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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