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Based on Jim's expectation of 10.1% sales growth and payout ratio of 84.78% of net income next year, Jim developed the pro forma financial statements

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Based on Jim's expectation of 10.1% sales growth and payout ratio of 84.78% of net income next year, Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Click on the follwoing icon The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. (Select from the drop-down menu.) The total new (1 financing will be $ (Round to the nearest dollar.) (1) excess required

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