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

Income Statement		Balance Sheet
Sales	$4,300	Current assets	$5,400	Current liabilities	$890
Costs	2,300	Fixed assets	6,200	Long-term debt	3,640
Taxable income	$2,000			Equity	7,070
Taxes (34%)	680	Total	$11,600	Total	$11,600
Net income	$1,320

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 20 percent.

Required:

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

Multiple Choice

• $1,300

• $728

• $1,528

• $1,400

• $1,350