$4$ Question $3(2$ points$)$ Retake question

A company projects that next year's sales will grow $19\%$ and ROA $($net income

divided by the previous year's total assets$)$ is constant at $13\%,$ but long$-$term debt

and equity do not change with sales automatically $($except for the new retained

earnings$).$ The current year's total assets and accounts payable are $$8000$ and $$500.$

Accounts payable usually grow at the same rate as sales. The company's plowback

ratio is always $40\%.$ Assuming that total assets must grow at the same speed as

sales, what is next year's external financing need $($round to the closest whole number

and the answer could be negative$)?$

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