The most recent financial statements for Mixton, Incorporated, are shown here: Balance Sheet Sales $39,400 Assets $144,000 Debt 41500 Equity 102500

Costs 26900

Taxable income 12500 Taxes (24%) 3000 Net income 9500

External financing needed $9,500

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,250 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $44,522

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