Based on Jim's expectation of

10.2%

sales growth and payout ratio of

84.99%

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?

3 Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $223,662 (109,715) $113,947 (6,656) $107,291 (419) $106,872 (37,405) $69,467 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,541 2,116 4,408 $23,065 11,009 $34,074 Liabilities and Equity Accounts Payable Debt Total Liabilities $1,642 3,990 85 632 (Select from the drop-down menu.) The total new financing will be $ (Round to the nearest dollar.)