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

Income Statement		Balance Sheet
Sales	$3,700	Current assets	$5,000	Current liabilities	$810
Costs	2,200	Fixed assets	5,600	Long-term debt	3,590
Taxable income	$1,500			Equity	6,200
Taxes (34%)	510	Total	$10,600	Total	$10,600
Net income	$990

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.)

Multiple Choice

$1,828.75

$897.5

$1,778.75

$1,878.75

$2,031.25