Question $2(1$ point$)$ Retake question

A company projects that next year's sales will grow $5\%$ and ROA $($net income divided

by the previous year's total assets$)$ is constant at $9\%,$ but debt and equity do not

change with sales automatically $($except for the new retained earnings$).$ The current

year's total assets is $$7000.$ The company's plowback ratio is always $80\%.$ 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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