The recent financial statements are below
	Income statement			Balance sheet
	Sales	3,100.00	CA	4,000.00	CL
	Costs	2,600.00	FA	3,000.00	LTD
	Taxable income	500			Equity
	Taxes (34%)	170	Total	7,000.00	Total
	Net income	330
	Dividends
	Add. to RE
	Assets, costs and current liabilities are proportional to sales,. Long-term debt and equity are not.
	The company maintains a constant 50% dividend payout ratio. The sales are projected to grow
	by 16% next year.
	What are projected dividends? What external financing is needed?

Please answer both questions!