The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet Sales Current $3,700 Current assets $3,900 $830 liabilities Costs 2,700 Fixed assets Long-term 6,200 3,680 Taxable income $1,000 Taxes (31%) Net income debt Equity 5,590 310 Total $690 $10,100 Total $10,100 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.)