QUESTION 15 For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 20%. Your beginning stockholders' equity is $300,000, beginning debt is $100,000 and your beginning total liabilities are $120,000 Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. What is your net new financing needed for next year? O A $50,000 O B. $80,000 O C. $40,000 O D. $30,000 QUESTION 16 For the fiscal year, you net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 20%. Your beginning stockholders' equity is $300,000, beginning debt is $100,000 and your beginning total liabilities are $120,000 Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. What amount of new equity would you need to issue to cover the net new financing need in order to keep your debt-equity ratio constant? O A. $52,500 O B. $2,500 O C. $12,500 O D. $352,500