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Based on Jim's expectation of 10.5% sales growth and payout ratio of 85.12% of net income next year, Jim developed the pro forma financial statements

Based on Jim's expectation of 10.5% sales growth and payout ratio of 85.12% 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.

Income Statement Balance Sheet Sales $214,812 Assets Costs Except Depreciation (111,439) Cash and Equivalents $16,575 EBITDA $103,373 Accounts Receivable 2,265 Depreciation (6,531) Inventories 4,376 EBIT $96,842 Total Current Assets $23,216 Interest Expense (net) (586) Property, Plant, and Equipment 10,973 Pretax Income $96,256 Total Assets $34,189 Income Tax (33,690) Net Income $62,566 Liabilities and Equity Accounts Payable $1,768 Debt 3,950 Total Liabilities $5,718 Stockholders' Equity $34,700 Total Liabilities and Equity $40,418

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