The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet $...

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The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet $ Sales Costs Current assets $6,000 Current liabilities $3,600 11,900 8,500 Fixed assets 10,600 Long-term debt 5,100 Taxable income $3,400 Equity 7,900 $ $ Taxes (24%) 816 Total Total 16,600 16,600 Net income $ 2,584 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 17 percent. 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 The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet $ Sales Costs Current assets $6,000 Current liabilities $3,600 11,900 8,500 Fixed assets 10,600 Long-term debt 5,100 Taxable income $3,400 Equity 7,900 $ $ Taxes (24%) 816 Total Total 16,600 16,600 Net income $ 2,584 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 17 percent. 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