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The most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT BALANCE SHEET Sales $ 6 3 , 0 0 0 Assets $

The most recent financial statements for Mixton, Incorporated, are shown here:
INCOME STATEMENT BALANCE SHEET
Sales $ 63,000 Assets $ 133,300 Debt $ 44,400
Costs 52,300 Equity 88,900
Taxable income $ 10,700 Total $ 133,300 Total $ 133,300
Taxes (23%)2,461
Net income $ 8,239
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $4,000 was paid, and the company wish to maintain a constant payout ratio. Next years sales are projected to be $73,080. What is the external financing needed?

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