The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales $3,500 Current assets $5,200 Current liabilities $950 Costs 2,300 Fixed assets 5,300 Long-term debt 3,580 Taxable income $1,200 Equity 5,970 Taxes (34%) 408 Total $10,500 Total $10,500 Net income $792 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?