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Homework: HW6 Part 1 of 2 Points: 0 of 10 For the next fiscal year, you forecast net income of $49,000 and ending assets

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Homework: HW6 Part 1 of 2 Points: 0 of 10 For the next fiscal year, you forecast net income of $49,000 and ending assets of $507,500. Your firm's payout ratio is 10.9 %. Your beginning stockholders' equity is $295,800, and your beginning total liabilities are $128,900. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,100. Assume your beginning debt is $108,900. 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 amount of debt to issue will be (Round to the nearest dollar.)

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