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Ni Cai Ne Company has almost completed its forecasted financial statements for 2024: a. Ni Cai Ne Company plans to buy $500,000 of PPE during

image text in transcribed Ni Cai Ne Company has almost completed its forecasted financial statements for 2024: a. Ni Cai Ne Company plans to buy $500,000 of PPE during 2024 and not to dispose PPE during 2024. What would be the amount forecasted for PPE, net? b. Ni Cai Ne Company plans to have a dividend payout ratio of 50% in 2024 and will not issue or repurchase shares during 2024. What would the amount forecasted for equity? Dividend payout ratio is defined as dividends divided by net profit c. Given your answers to the above, what is Ni Cai Ne Company's forecasted funding or excess cash

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