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The most recent financial statements for Assouad, Incorporated, are shown here: ...

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Finance

The most recent financial statements for Assouad, Incorporated, are shown here:

Income Statement Balance Sheet
Sales $ 4,200 Current assets $ 5,300 Current liabilities $ 840
Costs

2,200

 Fixed assets 6,600 Long-term debt 3,570
Taxable income $ 2,000 Equity 7,490
Taxes (25%) 500 Total

$ 11,900

 Total

$ 11,900
Net income

$ 1,500

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 25 percent.

What is the external financing needed?

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