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Your firm has an ROE of 1 2 . 6 % , a payout ratio of 2 3 % , $ 6 1 3 ,

Your firm has an ROE of 12.6%, a payout ratio of 23%,$613,300 of stockholders' equity, and $431,000 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 allowed 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems.
The sustainable growth rate is %.(Round to three decimal place.)
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