The most recent financial statements for Hu, Inc., are shown here (assuming no income taxes):

Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year’s sales are projected to be $11,092. What is the external financing needed?

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Income Statement Sales Costs Net income Balance Sheet Debt Equity $9,400 Assets $20,300 6,730 $2,670 Total $20,300 Total $ 8,400 11,900 $20,300