The Solution, Inc. would like to grow to 702,000 in sales next year. Current year data is given below. Assets and costs are expected to grow proportional to sales, but debt and equity will not. The dividend payout RATIO will remain constant. The tax rate is 21%. What is external financing needed?

1 The Solution, Inc. would like to grow to $702,000 in sales next year. Current year data is given below. Assets and costs are expected to grow proportionate to sales, but debt and equity will not. The dividend payout RATIO will remain constant. The tax rate is 21%. What is external financing needed? Current year data Sales Costs Assets Liabilities Owner's Equity Dividends 600,000 400,000 900,000 500,000 400,000 79,000