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For the next fiscal year, you forecast net income of $51,300 and ending assets of $507,000 Your fimm's payout ratio is 105%. Your beginning stockholders'

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For the next fiscal year, you forecast net income of $51,300 and ending assets of $507,000 Your fimm's payout ratio is 105%. Your beginning stockholders' equity is $297 800 and your beginning total abities are $119.000. Your non debe liabilities such as accounts payable we forecasted to increase by $9.700 What is your net new financing needed for next year? The Tax Cuts and Jobs Act of 2017 temporanly allow 100% bonus depreciation (effectively expensing capital expenditures) However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the retum of standard depreciation practices during your carbet The net financing required will be s Round to the nearest dollar)

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