$\backslash$table$[[$Income Statement$],[$Net sales,$$,4,500],[$Cost of goods sold,,$3,110],[$Depreciation$,,675],[\backslash$table$[[$Earnings before interest and$],[$taxes$]],$$$,715],[$Interest paid,,$160],[$Taxable Income,$$,555],[$Taxes$,,198],[$Net income,$$,357],[$Dividends$,$$$,62],[$Addition to retained earnings,$$,295]]$

$\backslash$table$[[$Balance Sheet$],[,,,,,],[$Cash$,$$$,60,$Accounts payable,$$,1,150],[$Accounts rec.,,$450,$Long$-$term debt,,$1,550],[$Inventory$,,940,$Common stock,$$,2,100],[$Total$,$$$,1,450,$Retained earnings,,$3,150],[$Net fixed assets,,$6,500,,,],[$Total assets,,$7,950,$Total liabilities &$,,7,950],[,$$$|,,$equity,$$,]]$

Lebrijano Guitars operates at full capacity and uses long$-$term liabilities as the plug variable. The firm's profit margin and dividend payout ratio are constant, but net working capital and fixed assets vary directly with sales. Sales are projected to increase by $6$ percent. Estimate the needed increase in long$-$term debt.