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Please help find this answer For the next fiscal year, you forecast net income of $48,400 and ending assets of $509,900. Your firm's payout ratio
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For the next fiscal year, you forecast net income of $48,400 and ending assets of $509,900. Your firm's payout ratio is 10.7%. Your beginning stockholders' equity is $297,000, and your beginning total liabilities are $126,500. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,100. Assume your beginning debt is $106,500. 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.)Step by Step Solution
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