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

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For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 10% Your beginning stockholders' equity is $300,000 and your beginning total liabilities are $120.000. Your non-debt abilities such as accounts payable are forecasted to increase by $13,000. What is your net new financing needed for next year? Answer: (Round to the nearest dollar. No dollar sen, no comma)

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