2

For the noxt fiscal year, you forecast not income of $50,300 and ending assets of 5508,100 . Your fimm's payout ratio it 10.1\%. Your beginning stockholders' equity is $295, e00 and your beginning total liablities are $119.100. Your nan-debt liablifies such as acoounts payable are forecasted to increase by $9,700. What ia your net new financing needed for next year? The Tix Cuts and Jobs Act of 2017 lomporarly allown 100% bonus dopreciason (effectlvely expensing copital expenditures). However, we will still include depreciation forecasting in thit chapter and in these probioms in anticipation of the return of standard depreciaber practices during your career. The net financing reguired witi be ? (Round to the nearest dollar.)