The most recent financial statements for Xporter, Inc., are shown here:

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent. What is the external financingneeded?

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Income Statement Sales Costs Taxable income $1,500 Taxes (34%) Balance Sheet 3,900 Current liabilities 2,200 8,100 Long-term debt 3,750 $5,700 Current assets 4,200 Fixed assets Equity 6,050 510 Total $12,000 Total Net income 990