For the next fiscal year, you forecast net income of $48,400 and ending assets of $505,200. Your firm's payout ratio is 9.8%. Your beginning stockholders' equity is $299,700 and your beginning bolal liabilities are $119,700. Your non-debt liabilities such as accounts payabie ace forecasted to increase by $10,300. What is your net new fnancing needed for next year? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing caplal expencitures). However. wo will stat include deprectation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your caenec: The net financing required will be ? (Round to the nearest dollar.)