Jim's Espresso expects sales to grow by $10\mathrm{.}2\%$ next year and interest expense will remain constant.$$ Jim's changes its payout ratio from $90\%$ to $71\%$ of net income next year. When the payout ratio was $90\%,$ there was excess financing in the amount of $ $4$ comma $178.$Jim$\text{'}$s developed the pro forma financial statements provided below to reflect the change in the payout ratio to $71\%.$ How will the net new financing$$ change? $$Hint: Determine the difference in financing by subtracting the financing required at $90\%,$ $ $4$ comma $178,$ from the financing required at $71\%.$

The financing required at $71\%$ is $$$ $($Round to the nearest$$ dollar.$)$

INCOME STATEMENT:

Sales $$226,957$

Costs Except Depreciation $(109,385)$

EBITDA $$117,572$

Depreciation $(6,689)$

EBIT $$110,883$

Interest Expense $($net$)(331)$

Pretax Income $$110,552$

Income Tax $(38,693)$

Net Income $$71,859$Balance Sheet