For the next fiscal year, you forecast net income of $$49,700$ and ending assets of $$507,800.$ Your firm's payout ratio is $9\mathrm{.}9\%.$ Your beginning stockholders' equity is $$298,100$ and your beginning total

liabilities are $$120,200.$ Your non$-$debt liabilities such as accounts payable are forecasted to increase by $$10,500.$ Assume your beginning debt is $$107,800.$ 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 allows $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation forecasting in this chapter and

in these problems in anticipation of the return of standard depreciation practices during your career.

The amount of equity to issue will be $${?}_{{?}_{{?}_{?}}{?}_{{?}_{?}}{?}_{}(Roundto\text{t}\text{h}\text{e}\text{n}\text{e}\text{a}\text{r}\text{e}\text{s}\text{t}\text{d}\text{o}\text{l}\text{l}\text{a}\text{r}\text{.})}$