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Use the following income statement and balance sheet for Jim's Espresso: Based on Jim's expectation of 10.1% sales growth and payout ratio of 89.13% of

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Use the following income statement and balance sheet for Jim's Espresso: Based on Jim's expectation of 10.1% sales growth and payout ratio of 89.13% of net income next year, Jim'sdeveloped the pro forma financial statements given here: What is the amount of net new financing needed for Jim's? The Tax Cuts and Jobs Act of 2017 temporarily allowed 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems. The total new financing will be $ (Select from the drop-down menu; round to the nearest dollar.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)

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