Based on Jim's expectation of 9.9% sales growth and payout ratio of 81.83%

of net income next year, Jim developed the pro forma financial statements given below. What will be the amount of net new financing needed for Jim's Espresso?

Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $209,107 (103,933) $100,1 19 (6,434) $93,635 (231) $93,404 (32,691 ) $60,713 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets Liabilities and quty Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and