For the next fiscal year, you forecast net income of $50,000 and ending asset of $504,900. Your firm payout ratio is 9.6%. Your beginning stockholder's equity is $299,100 and your begining total liabilities are $1208,00. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,400. Assume your begining debt is $106,500. What amount of equity and what smount of debt would you need to issue to cover the net new financing in order to keep debt-equity ratio constant?

a. The amount of Equity to issue will be?

b. The amount of debt to issue will be?