the answer is not -7074

Chapter 18 Homework Seved Help Save & The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales 733 320,000 210.000 110,000 22.000 88,000 points Costs EBIT Interest expense Taxable income Taxes (at 213) Net Income Dividends Addition to retained earnings 5 36,760 $ 34,760 $ $ Assets Current assets Cash Accounts receivable Inventories Total current assets Net plant and equipment $ BALANCE SHEET, YEAR-END, 2019 Liabilities Current liabilities 8.000 Accounts payable 13,000 Total current liabilities 29.000 Long-term debt 60.000 Stockholders' equity 260.000 Common stock plus additional paid in capital Retained earnings 20.000 Total liabilities plus stockholders' equity 15,000 15,000 220,000 $ 15,000 Total assets $ $ 320,000 Sales and costs are projected to grow at 20% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 75% capacity, so it plans to increase fixed assets in proportion Homework Saved Help Save & E Chec Addition to retained earnings $ 34,760 Assets Current assets Cash Accounts receivable Inventories Total current assets Net plant and equipment $ $ BALANCE SHEET, YEAR-END, 2019 Liabilities Current liabilities $ 8,000 Accounts payable 13, eee Total current liabilities 39,000 Long-term debt $ 60,00 Stockholders' equity 260.000 Common stock plus additional paid-in capital Retained earnings $ 320,000 Total liabilities plus stockholders' equity 15,000 15,000 220,000 15,000 78,833 $ 320,000 Total assets Sales and costs are projected to grow at 20% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 75% capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal 10% of long-term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of 0.50. What is the required external financing over the next year? (Enter excess cash as a negative number with a minus sign.) External financing (7.074)