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For the next fiscal year, you forecast net income of $49,100 and ending assets of $508,200. Your firm's payout ratio is 9.9%. Your beginning stockholders'

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For the next fiscal year, you forecast net income of $49,100 and ending assets of $508,200. Your firm's payout ratio is 9.9%. Your beginning stockholders' equity is $297,200, and your beginning total liabilities are $120,900. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $9,800. What will be your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar.)

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