The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes):
sales = 7600
costs = 5020
net income = 2580
assets = 19100
total = 19100
debt = 7000
equity = 12100
total = 19100
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,500. What is the external financing needed?