The most recent financial statements for Martin, Inc.,are shown here:

Assets and costs are proportional to sales. Debt and equity are not. A

dividend of $$3,042\mathrm{.}6$ was paid, and Martin wishes to maintain a constant

payout ratio. Next year's sales are projected to be $$33,480.$ What external

financing is needed?

Hint: EFN $=$ Total assets $-$ Total liabilities and equity