For the next fiscal year, you forecast net income of

$48,500

and ending assets of

$500,700.

Your firm's payout ratio is

10.6%.

Your beginning stockholders' equity is

$296,600,

and your beginning total liabilities are

$128,400.

Your non-debt liabilities such as accounts payable are forecasted to increase by

$10,500.

Assume your beginning debt is

$108,400.

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?