Please see below the financial statements of a company this year: Income Statement Balance Sheet Sales $ 30,600 Assets $ 72,400 Debt $ 36,000 Costs 18,350 Equity 36,400 Taxable income $ 12,250 Total $ 72,400 Total $ 72,400 Taxes (22%) 2,695 Net income $ 9,555 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 $3,600 as dividends to shareholders. The analysts predict that the company's sales will be $34,272 in the next year. Calculate the external financing needed. (Do not round intermediate calculations.)