The most recent financial statements for Reply, Inc., are shown here: Income Statement Sales $ 28,000 Costs 19,000 Assets Balance Sheet $61,900 Debt Equity $27,700 34,200 Taxable income $ 9,000 Total $61,900 Total $61,900 Taxes (40%) 3,600 Net income $ 5.400 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 $32,480. What is the external financing needed? (Do not round intermediate calculations.) External financing needed $