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For the next fiscal year, you forecast net income of $49,200 and ending assets of $510,000. Your firm's payout ratio is 10.8%. Your beginning stockholders'

For the next fiscal year, you forecast net income of $49,200 and ending assets of $510,000. Your firm's payout ratio is 10.8%. Your beginning stockholders' equity is $299,700, and your beginning total liabilities are $127,700. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,200. Assume your beginning debt is $107,700. 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?

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