Based on Jim's expectation of 9.8% sales growth and payout ratio of 84.24% of net income next year, Jim developed the pro forma financial statements given below.

Question Help P 18-6 (similar to) Based on Jim's expectation of 9.8% sales growth and payout ratio of 84.24% 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 Balance Sheet Income Statement $221,412 Assets Sales Costs Except Depreciation (110,316) Cash and Equivalents $16,569 EBITDA Accounts Receivable 2,262 $111,096 (6,544) 4,381 Depreciation Inventories EBIT $104,552 Total Current Assets $23,212 11,079 Interest Expense (net) (329) Property, Plant, and Equipment Pre-tax Income $104,223 Total Assets $34,291 elect from the drop-down menu.) The total new financing will be Round to the nearest dolla required excess