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

Income Statement		Balance Sheet
Sales	$3,800	Current assets	$5,200	Current liabilities	$790
Costs	2,400	Fixed assets	5,700	Long-term debt	3,510
Taxable income	$1,400			Equity	6,600
Taxes (35%)	490	Total	$10,900	Total	$10,900
Net income	$910

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 30 percent.

Required:

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

Multiple Choice

• $2,796.8

• $2,509.8

• $2,609.8

• $2,559.8

• $1,053