The most recent income statement and balance sheet for Highway. Corp, are presented below:

Income Statement		Balance Sheet
Sales	$4,000	Current assets	$4,000	Current liabilities	$880
Costs	2,700	Fixed assets	6,000	Long-term debt	3,650
Taxable income	$1,300			Equity	5,470
Taxes (21%)	273	Total	$10,000	Total	$10,000
Net income	$1,027

Costs, current liabilities and assets are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. Next year's sales are projected to increase by exactly 25 percent.

Project external financing needed by the firm?