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The most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT BALANCE SHEET Sales $ 47,000 Assets $ 107,700 Debt $ 30,000 Costs

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

INCOME STATEMENT

BALANCE SHEET

Sales

$ 47,000

Assets

$ 107,700

Debt

$ 30,000

Costs

37,900

Equity

77,700

Taxable income

$ 9,100

Total

$ 107,700

Total

$ 107,700

Taxes (22%)

2,002

Net income

$ 7,098

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,400 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $54,520. What is the external financing needed?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

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