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For the next fiscal year, you forecast net income of $51,200 and ending assets of $508,600. Your firm's payout ratio is 10.1%. Your beginning stockholders'
For the next fiscal year, you forecast net income of $51,200 and ending assets of $508,600. Your firm's payout ratio is 10.1%. Your beginning stockholders' equity is $298,400 and your beginning total liabilities are $120,200. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,500. What is your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar.)
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