What is the external financing needed

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Reference no: EM131220500

The most recent financial statements for Reply, Inc., are shown here:

Income Statement			Balance Sheet
Sales	$	26,500	Assets	$	60,100	Debt	$	27,500
Costs		18,200				Equity		32,600

Taxable income	$	8,300	Total	$	60,100	Total	$	60,100

Taxes (40%)		3,320

Net income	$	4,980

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,800 was paid, and the company wishes to maintain a constant payout ratio. Next yearAc€?cs sales are projected to be $30,475.

What is the external financing needed? (Do not round intermediate calculations.)

Reference no: EM131220500

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