$5$:$28$

$.$ill $4$G

Exercise EFN

Done

The most recent financial statements for Mixton, Inc., are shown here. Assets and costs are proportional to sales. Debt and equity are not. A dividend of $$1,400$ was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $$23,345.$ What is the external financing needed?

$\backslash$table$[[,,,,,,],[$Input area:,,,,,,$],[,,,,,,],[$Tax rate,$21\%,,,,,],[$Sales$,$$$20,300,\backslash$table$[[$$$26,900$