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Based on Jim's expectation of 1 0 . 4 % sales growth and payout ratio of 8 4 . 6 7 % of net income

Based on Jim's expectation of 10.4% sales growth and payout ratio of 84.67% of net income next year, Jim developed the pro forma financial statements given below. What will be the amount of net new financing needed for Jim's Espresso? The total newfinancing will be Required or excess? The finance amount would be $ ?
(Round to the nearest dollar.)
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