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

Income Statement Balance Sheet

Sales $ $20,300$ Assets $ $47,000$ Debt $ $26,900$

Costs $17,100$ Equity $20,100$

Taxable income $ $3,200$ Total $ $47,000$ Total $ $47,000$

Taxes $(21\%)672$

Net income $ $2,528$

Assets and costs are proportional to sales; debt and equity are not. A dividend of $$1,400$ was paid, and the company wishes to maintain a constant payout ratio. Next year$$s sales are projected to be $$23,345.$

What external financing is needed?