The most recent financial statements for XYZ Corp. are the following:

Balance Sheet

Assets $121,000 Debt $37,600

Equity $83,400

Total $121,000 Total $121,000

Income Statement

Sales $23,100

Costs $15,900

Taxable Income $7,200

Taxes (35%) $2,520

Net Income $4,680

Given the particular environment XYZ Corp operates in, assets and costs are such that they can be considered proportional to sales. On the other hand, debt and equity are not. A dividend of $1,620 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $28,800. What is the external financing needed?