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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 40,400 Assets $ 149,000 Debt $ 44,000 Costs

The most recent financial statements for Mixton, Incorporated, are shown here:

Income Statement Balance Sheet
Sales $ 40,400 Assets $ 149,000 Debt $ 44,000
Costs 27,400 Equity 105,000
Taxable income $ 13,000 Total $ 149,000 Total $ 149,000
Taxes (24%) 3,120
Net income $ 9,880

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,500 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $45,248.

What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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