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Based on Jim's expectation of 9.6% sales growth and payout ratio of 83.86% of net income next year, Jim developed the pro forma financial statements

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Based on Jim's expectation of 9.6% sales growth and payout ratio of 83.86% 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. Balance Sheet Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $218,575 (109,841) $108,734 (6,488) $102,246 (329) $101,917 (35,671) $66,246 Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,440 2,302 4,362 $23,104 10,982 $34,086 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,688 4,060 $5,748 $36,192 $41,940

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