value 10.00 points The most recent financial statements for Reply, Inc., are shown here: Income Statement Sales $ 26,800 Costs 17,400 Assets Balance Sheet $ 62,800 Debt Equity $ 27,800 35,000 Taxable income $ 9,400 Total $62,800 Total $ 62,800 Taxes (40%) 3,760 Net income $ 5,640 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $32.160. What is the external financing needed? (Do not round intermediate calculations.) External financing needed Hints References eBook & Resources H1