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Please see below the financial statements of a company this year: Balance Sheet $111,800 Debt...

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Finance

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Please see below the financial statements of a company this year: Balance Sheet $111,800 Debt Equity $38,600 73,200 Income Statement Sales $23,800 Assets Costs 16,600 Taxable $7,200 Total income Taxes (24%) 1,728 Net income $5,472 $111,800 Total $111,800 We're told that both of the company's costs and assets are proportional to its sales, while items on the right side of the balance sheet are not. The company's management aims to maintain a fixed payout ratio. This year, the company paid $1,580 as dividends to shareholders. Next year's sales are projected to be $29,000. What is the external financing needed

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