The most recent financial statements for Summer Tyme, Inc., are shown here: Balance Sheet $5,300 Current liabilities 6,400 Long-term debt Equity $11,700 Total Income Statement Sales $3,900 Current assets Costs 2,400 Fixed assets Taxable income $1,500 Taxes (34%) 510 Total Net income $990 $900 3,530 7,270 $11,700 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 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.) $2,596.5 $1,059 $2,646.5 $2,546.5 $2,866.5