For the next fiscal year, you forecast net income of $51,600 and ending assets of $505,300. Your firm's payout ratio is 10.5%. Your beginning stockholders' equity is $297,600, and your beginning total liabilities are $119,300. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,400. What will be your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar.)

For the next fiscal year, you forecast net income of $51,600 and ending assets of $505,300. Your firm's payout ratio is 10.5% Your beginning stockholders' equity is $297,600, and your beginning total liabilities are $119,300. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,400. What will be your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar)