Problem 4-3 Calculating EFN [LO2]

The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes):

Income Statement		Balance Sheet
Sales	$ 9,400	Assets	$ 19,050	Debt	$ 6,050
Costs	6,940			Equity	13,000
Net income	$ 2,460	Total	$ 19,050	Total	$ 19,050

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $11,280. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)