Problem:
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Balance Sheet Sales $ 6,900 Current assets $ 3,600 Current liabilities $ 2,200 Costs 5,400 Fixed assets 10,200 Long-term debt 3,750 Taxable income $ 1,500 Equity 7,850 Taxes (34%) 510 Total $ 13,800 Total $ 13,800 Net income $ 990 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 17 percent.
Required:
Question: What is the external financing needed?
Note: Please show guided help with steps and answer.