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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 40,000 Assets $ 147,000 Debt $ 43,000 Costs

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

Income Statement Balance Sheet
Sales $ 40,000 Assets $ 147,000 Debt $ 43,000
Costs 27,200 Equity 104,000
Taxable income $ 12,800 Total $ 147,000 Total $ 147,000
Taxes (22%) 2,816
Net income $ 9,984

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,400 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $46,400.

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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