The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (34%) Net income $ 27,500 (16,500) $ 11,000 (3,740) $ 7,260 Assets Balance Sheet $ 104,500 Debt Equity $ 104,500 Total $ 45,000 59,500 $ 104,500 Total Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,105 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,450. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EFN