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# 1 2 A firm reports net income of $ 4 7 1 , 2 5 0 . 0 0 for 2 0 2 3
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A firm reports net income of $ for The firm has a dividend payout ratio of The firm currently has $ in debt, and $ in shareholder equity.
The firm pays annual interest on their outstanding debt. The firm wants to maintain its debt to equity ratio.
If the firm wants to maintain its same debttoequity ratio, how much debt can the firm issue in the coming year IF the firm will not issue any new shares?
Answer format: Currency: Round to: decimal places.
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