The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales $4,200 Current assets $4,700 Current liabilities $880 Costs 2,000 Fixed assets 6,700 Long-term debt 3,600 Taxable income $2,200 Equity 6,920 Taxes (31%) 682 Total $11,400 Total $11,400 Net income $1,518 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.)