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For the next fiscal year, you forecast net income of $49.700 and ending assets of $509,300. Your firm's payout ratio is 103% Your boginning stockholders

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For the next fiscal year, you forecast net income of $49.700 and ending assets of $509,300. Your firm's payout ratio is 103% Your boginning stockholders equitys $297,000 and your beginning total liabilities are $119,800. Your non-debt liabilities such as accounts payable are forecasted to increase by 510.000 What is your not new financing needed for next year? The Tax Cuts and Jobs Act of 2017 temporanly 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 net financing required will be $(Round to the nearest dollar) ICE

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