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Question 9 (8 points) The following information was obtained from DEF Corporation: Depreciation Interest Capital spending Net income Dividends Taxes 2020 $160,000 $80,000 $240.000 $168.000 $88,000 $72.000 Current assets Current liabilities 2019 $1,600,000 S640.000 2020 $1.840,000 $800.000 In 2020, the amount of long-term debt was the same as in 2019. Required Calculate the amount of net new equity for year 2020. Show your work