For the next fiscal year, you forecast net income of

$48,000

and ending assets of

$508,000.

Your firm's payout ratio is

10.4%.

Your beginning stockholders' equity is

$296,700,

and your beginning total liabilities are

$120,700.

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

$10,300.

Assume your beginning debt is

$100,700.

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?

Q1: The amount of debt to issue will be $ (Round to the nearest dollar.)

Q2: What is the amount of Equity to be issued $