Homework: Chapter_18 Save Score: 0 of 1 pt 3 of 22 (0 complete) HW Score: 0%, 0 of 22 pts P 18-3 (similar to) Question Help For the next fiscal year, you forecast net income of $50,400 and ending assets of $506,200. Your firm's payout ratio is 105% Your beginning stockholders' equity is $296,800 and your beginning total liabilities are $120,600 Your non dobt liabilities such as accounts payable are forecasted to increase by $10,100. Assume your beginning debt is $105 900 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? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The amount of equity to issue will be $(Round to the nearest dollar)