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For the next fiscal year, you lorecast net income of $51,900 and ending assets of $508,000. Your firm's payout ratio is 10.2%. Your beginning stockholders'

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For the next fiscal year, you lorecast net income of $51,900 and ending assets of $508,000. Your firm's payout ratio is 10.2%. Your beginning stockholders' equity is $295,900, and your beginning total liabilities are $120,800. Your non-debt labilities. such as accounts payable, are forecasted to increase by $9,800. What will be your net new financing needed for next year? The net financing required will bes (Round to the nearest dollar.)

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