Your firm has an ROE of $12\mathrm{.}5\%,$ a payout ratio of $29\%,$ $$608,700$ of stockholders' equity, and $$434,000$ of debt. If you grow at your sustainable growth rate this year, how much additional debt will you need to issue? The Tax Cuts and Jobs Act of $2017$ temporarily allows $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.