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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales Costs $ 41,600 28,000 Assets $ 155,000 Debt
The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales Costs $ 41,600 28,000 Assets $ 155,000 Debt Equity $ 47,000 108,000 Taxable income $ 13,600 Total $155,000 Total $155,000 Taxes (25%) 3,400 Net income $ 10,200 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $47,424. 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
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