The most recent financial statements for Reddy, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (23%) Balance Sheet $ 23,600 Assets $113,000 Debt $ 30,600 16,400 Equity 82,400 $7,200 Total $113,000 Total $113,000 1,656 $5,544 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,500 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,900. What is the external financing needed?

The most recent financial statements for Reddy, Incorporated, are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,500 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,900. What is the external financing needed