The most recent financial statements for Summer Tyme, Inc., are shown here: 7 $800 1:32:43 Income Statement Balance Sheet Current Sales $3,500 Current assets $3,900 liabilities Costs 1,900 Fixed assets Long-term 6.100 debt Taxable income $1,600 Equity Taxes (31%) 496 Total $10,000 Total Net income $1,104 3,490 5,710 $10,000 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.)