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The most recent financial statements for Summer Tyme, Inc., are shown here Income Statement Balance Sheet Current liabilities Sales $3,600 Current assets $4,700 $800 1,800 Fixed assets 5,6o0 Long-ternm Costs Taxable income $1,800 Taxes (35%) debt Equity $10,300 Total 5,970 $10,300 630 Total Net income $1170 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. every other firm in its industry, next years sales are projected to increase by exactly 30 percent As with Required: What is the external financing needed? (Do not round your intermediate calculations.)