For the next fiscal year, you forecast net income of $51,400 and ending assets of $505,000. Your firm's payout ratio is 10.3\%. Your beginning stockholders' equity is $297,900 and your beginning total liabilities are $119,300. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,700. Assume your beginning debt is $101,000. 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? 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 o the return of standard depreciation practices during your career