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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales $ 32,600 Assets Costs 18,600 Balance Sheet $ 76,400 Debt Equity

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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales $ 32,600 Assets Costs 18,600 Balance Sheet $ 76,400 Debt Equity $ 39,500 36,900 Taxable income $ 14,000 Total $ 76,400 Total $ 76,400 Taxes (22%) 3,080 Net income $ 10,920 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $4,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $37,816. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed -4,313

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