The most recent financial statements for Summer Tyme, Inc., are shown here Income Statement Balance Sheet Current Sales $4,300 Current assets $3,400 $970 Long-termm 5,300 debt 3,510 4,220 $8,700 1,900 Fixed assets Costs Taxable income $2,400 Taxes (31%) Equity 744 Total $8,700 Total Net income $1,656 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 30 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.) Multiple Choice $977.32 $1,053 $1,077.32 $1,027.32 $1,318.32