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The most recent financial statements for Assouad, Inc., are shown here: $900 Income Statement Balance Sheet Current Sales $4,300 Current assets $4,600 liabilities Costs Long-term

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The most recent financial statements for Assouad, Inc., are shown here: $900 Income Statement Balance Sheet Current Sales $4,300 Current assets $4,600 liabilities Costs Long-term 1,900 Fixed assets 5,900 debt Taxable income $2,400 Equity Taxes (23%) 552 Total $10,500 Total Net income $1,848 3,670 5,930 $10,500 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 20 percent What is the external financing needed

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