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The most recent financial statements for Yoom, Inc., are shown here: Income Statement Balance Sheet Sales $3,700 Current assets $4,700 Current liabilities $860 Costs 2,300

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

Income Statement Balance Sheet
Sales $3,700 Current assets $4,700 Current liabilities $860
Costs

2,300

Fixed assets 5,400 Long-term debt 3,650
Taxable income $1,400 Equity 5,590
Taxes (34%) 476 Total

$10,100

Total

$10,100

Net income

$924

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.)

Multiple Choice

$2,171.4

$2,429.4

$1,095

$2,121.4

$2,221.4

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