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

The most recent financial statements for Martin, Incorporated, are shown here:
Income Statement
Sales $ 24,000
Costs 14,400
Taxable income $ 9,600
Taxes (21%)2,016
Net income $ 7,584
Balance Sheet
Assets $ 91,200 Debt $ 55,000
Equity 36,200
Total $ 91,200 Total $ 91,200
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $910 was paid, and Martin wishes to maintain a constant payout ratio. Next years sales are projected to be $28,560. What is the external financing needed?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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