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

Income StatementBalance SheetSales$3,800Current assets$4,700Current liabilities$820Costs2,100

Fixed assets6,000Long-term debt3,490Taxable income$1,700Equity6,390Taxes (31%)527Total$10,700

Total$10,700

Net income$1,173

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 25 percent.

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

rev: 09_17_2012

a. $1,795.25

b. $872.5

c. $1,640.25

d. $1,590.25

e. $1,540.25