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For the next fiscal year, you forecast net income of $48,400 and ending assets of $507,400. Your firm's payout ratio is 10.4%Your beginning stockholders' equity
For the next fiscal year, you forecast net income of $48,400 and ending assets of $507,400. Your firm's payout ratio is 10.4%Your beginning stockholders' equity is 296,200$ and your beginning total liabilities are 120,400$. Your non-debt liabilities such as accounts payable are forecasted to increase by 10,300$. What is your net new financing needed for next year? 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
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