For the next fiscal year, you forecast net income of

$48,700

and ending assets of

$505,200.

Your firm's payout ratio is

10.2%.

Your beginning stockholders' equity is

$296,200,

and your beginning total liabilities are

$126,700.

Your non-debt liabilities such as accounts payable are forecasted to increase by

$10,500.

Assume your beginning debt is

$106,700.

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?

Question content area bottom

Part 1

The amount of debt to issue will be

$enter your response here.

(Round to the nearest dollar.)

Part 2

The amount of equity to issue will be

$enter your response here.

(Round to the nearest dollar.)