Based on Jim's expectation of 9.6% sales growth and payout ratio of 84.34% 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 Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income $217,567 (108,712) $108,855 (6,587) $102,268 (449) $101,819 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,330 2,203 4,318 $22,851 10,905 $33,756 10 na (Select from the drop-down menu.) The total new financing will be $ (Round to the nearest dollar.) Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $217,567 (108,712) $108,855 (6,587) $102,268 (449) $101,819 (35,637) $66,182 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,330 2,203 4,318 $22,851 10,905 $33,756 Liabilities and Equity. Accounts Pavable $1633 (Select from the drop-down menu.) EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $102,268 (449) $101,819 (35,637) $66,182 Total Current Assets Property, Plant, and Equipment Total Assets $22,851 10,905 $33,756 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,633 3,950 $5,583 $35,724 $41,307 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 financing will be $ (Round to the nearest dollar.) Based on Jim's expectation of 9.6% sales growth and payout ratio of 84.34% 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 Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income $217,567 (108,712) $108,855 (6,587) $102,268 (449) $101,819 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,330 2,203 4,318 $22,851 10,905 $33,756 10 na (Select from the drop-down menu.) The total new financing will be $ (Round to the nearest dollar.) Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $217,567 (108,712) $108,855 (6,587) $102,268 (449) $101,819 (35,637) $66,182 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,330 2,203 4,318 $22,851 10,905 $33,756 Liabilities and Equity. Accounts Pavable $1633 (Select from the drop-down menu.) EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $102,268 (449) $101,819 (35,637) $66,182 Total Current Assets Property, Plant, and Equipment Total Assets $22,851 10,905 $33,756 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,633 3,950 $5,583 $35,724 $41,307 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 financing will be $ (Round to the nearest dollar.)