Problem 4-3 Calculating EFN (LO2] The most recent financial statements for Kerch, Inc. are shown here (assuming no income taxes): Income Statement Sales $ 7.600 Costs 5,020 Assets Balance Sheet $19,100 Debt Equity $7,000 12.100 Net income $2,580 Total $19,100 Total $19,100 Assets and costs are proportional to sales, Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,500. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) External financing needed