The most recent financial statements for 2 doors down, inc. income statement balance sheet sale costs $3,900 current assets $4,500 current liabilities $920 3,200 fixed assets 3,900 taxable income $ 700 long-term debt equity 1,840 5,640 taxes (34%) 238 total $ 8,400 total $8,400 net income $ 462 assets, costs, and current liabilities are proportional to sales. long-term debt and equity are not. 2 doors down maintains a constant 50 percent dividend payout ratio. like every other firm in its industry, next year's sales are projected to increase by exactly 15%. What is the external financing needed?
