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For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firms payout ratio is 10%. Your beginning stockholders

For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firms payout ratio is 10%. Your beginning stockholders equity is $300,000, your beginning debt is $100,000, and your beginning total liabilities are $120,000. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. 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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