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For the next fiscal year, you forecast net income of $48,400 and ending assets of $509,700. Your firm's payout ratio is 10.9%. Your beginning stockholders'

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For the next fiscal year, you forecast net income of $48,400 and ending assets of $509,700. Your firm's payout ratio is 10.9%. Your beginning stockholders' equity is $300,000, and your beginning total liabilities are $126,100. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,400. Assume your beginning debt is $106,100. 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 $(Round to the nearest dollar) h 40 n 8

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