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The most recent financial statements for Reply, Inc., are shown here: Income Statement Balance Sheet Sales $ 28,600 Assets $ 61,100 Debt $ 25,700 Costs

The most recent financial statements for Reply, Inc., are shown here:

Income Statement Balance Sheet
Sales $ 28,600 Assets $ 61,100 Debt $ 25,700
Costs 20,600 Equity 35,400
Taxable income $ 8,000 Total $ 61,100 Total $ 61,100
Taxes (40%) 3,200
Net income $ 4,800

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $34,320.

What is the external financing needed? (Do not round intermediate calculations.)

External financing needed $

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