For the next fiscal year, you forecast net income of

$49,700

and ending assets of

$501,000.

Your firm's payout ratio is

10.8%.

Your beginning stockholders' equity is

$298,100,

and your beginning total liabilities are

$125,300.

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

$10,400.

Assume your beginning debt is

$105,300.

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?

The amount of debt to issue will be

$________-

The amount of equity to issue will be____