For the next fiscal year, you forecast net income of $50,900 and ending assets of $504,300. Your firm's payout ratio is 9.6%. Your beginning stockholders' equity is $298,900 and your beginning total liabilities are $120,300. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,200. Assume your beginning debt is $103,200. 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 Tax Cuts and Jobs Act of 2017 temporarily allowed 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems.mo

The amount of equity to issue will be?

The amount of debt to issue will be?