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

Income Statement		Balance Sheet
Sales	$4,300	Current assets	$4,800	Current liabilities	$980
Costs	2,700	Fixed assets	6,100	Long-term debt	3,590
Taxable income	$1,600			Equity	6,330
Taxes (32%)	512	Total	$10,900	Total	$10,900
Net income	$1,088

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 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.)

rev: 09_17_2012

$897.5

$1,664

$1,714

$1,909

$1,614