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The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7272 Costs $5543 Taxable Income ? Taxes (34%) ? Net Income

The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7272 Costs $5543 Taxable Income ? Taxes (34%) ? Net Income ? Balance Sheet Current Asset $3922 Current Liabilities $2359 Fixed Asset $9835 Long Term Debt $3897 Equity ? Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 15 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 15 percent. What is the external financing needed?

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