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The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7,166 Costs $5,620 Taxable Income ? Taxes (34%) ? Net Income

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

Income Statement
Sales $7,166
Costs $5,620
Taxable Income ?
Taxes (34%) ?
Net Income ?

Balance Sheet
Current Asset $3,828 Current Liabilities $2,230
Fixed Asset $9,660 Long Term Debt $3,816
Equity ?

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 22 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 14 percent.

What is the external financing needed

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