This firm is projecting financials and the below is from the right side of the balance sheet. In the projections, A/P grows by 10%, based on sales growth of 10%, and Note Payable and Long-Term Debt are expected to double. Net Income will be $10,000, the tax rate is 25%, and the payout ratio is 30%. Given this information, how much is the projected New Total Liabilities & Owners Equity? (Answer in whole dollars, no cents.)

Old Liabilities & Owners Equity New Liabilities & Owners Equity

A/P 2,500 A/P _____

Note Payable 2,000 Note Payable _____

Long-Term Debt 3,000 Long-Term Debt _____

Retained Earnings 5,000 Retained Earnings _____

Old Total Liab. & Equity 12,500 New Total Liab. & Equity $_____