3 parts

Your fm has an ROE of 12.6%, a payout ratio of 26%,$612,300 of sbockholders' equity, and $402,000 of debt. If you grow at your sustainable growth mate this year, how much additional debt will you need to issue? The Tax Cuts and Jobs Act of 2017 temporanly allows to0\% bonus depreciation (effectively expensing capital expendeures). Hownver, we will stal include depreciation forecasting in this chapter and in these probiems in anticipasion of the return of standard depreciation practices during your career. The sustainable growth rate is K. (Round to three decimal place)