Based on Jim's expectation of 10.5% sales growth and payout ratio of 81.43% 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 icon located on the top-right corner of the data table below to copy its contents into a spreadsheet.

Pro Forma Financial Statements

Income Statement			Balance Sheet
Sales	$228,823		Assets
Costs Except Depreciation	(111,085)		Cash and Equivalents	$16,597
EBITDA	$117,738		Accounts Receivable	2,166
Depreciation	(6,663)		Inventories	4,486
EBIT	$111,075		Total Current Assets	$23,249
Interest Expense (net)	(508)		Property, Plant, and Equipment	10,951
Pre-tax Income	$110,567		Total Assets	$34,200
Income Tax	(38,698)
Net Income	$71,869		Liabilities and Equity
			Accounts Payable	$1,624
			Debt	4,050
			Total Liabilities	$5,674
			Stockholders' Equity	$38,776
			Total Liabilities and Equity	$44,450

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 requires or excess below-

The total new( Required/Excess) financing will be___

(Round to the nearest dollar.)