For the next fiscal year, you forecast net income of $52,000 and ending assets of $509, 700. Your firm's payout ratio is 9.7%. Your beginning stockholders' equity $297, 500 and your beginning total liabilities are $120, 800. Your non-debt liabilities such as accounts payable are forecasted to increase by $10, 400. What is your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar.)