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Emerson Company has total assets of $1,575,000, long-term debt of $630,000, stockholders' equity of $819,000, and...

Emerson Company has total assets of $1,575,000, long-term debt of $630,000, stockholders' equity of $819,000, and current liabilities of $126,000. The dividend payout ratio is 35 percent and the profit margin is 10 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need if the current sales of $2,100,000 are projected to increase by 15 percent?

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