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For the first year you forecast net income of $50,600and ending asset of $500,100. Your firm's payout ratio is 9.6%. Your beginning stockholders' equity is

For the first year you forecast net income of $50,600and ending asset of $500,100. Your firm's payout ratio is 9.6%. Your beginning stockholders' equity is $295,700 and your begining total liabilities are $120,000.Your non-debt liabilities such as accounts payable are forecasted to increase by $9500. Assume your beginning debt is $108,000. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant?

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