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

Income Statement		Balance Sheet
Sales	$3,600	Current assets	$4,300	Current liabilities	$910
Costs	2,500	Fixed assets	4,900	Long-term debt	3,570
Taxable income	$1,100			Equity	4,720
Taxes (33%)	363	Total	$9,200	Total	$9,200
Net income	$737

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.) EFN = needed new long-term debt and/or external equity

$1,931.5

$892.5

$1,704

$1,654

$1,754