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The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales $4,300 Current assets $3,400 Current liabilities $790 Costs

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

Income Statement Balance Sheet
Sales $4,300 Current assets $3,400 Current liabilities $790
Costs

2,600

Fixed assets 6,300 Long-term debt 3,500
Taxable income $1,700 Equity 5,410
Taxes (33%) 561 Total

$9,700

Total

$9,700

Net income

$1,139

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 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.)

$1,855.5

$875

$1,658

$1,708

$1,608

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