What amount of debt need to issue to cover net new financing

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Problem 1: For the next fiscal? year, you forecast net income of ?$48,700 and ending assets of ?$503,100. Your? firm's payout ratio is 10.8?%. Your beginning? stockholders' equity is ?$297,200?, and your beginning total liabilities are ?$126,900. Your? non-debt liabilities such as accounts payable are forecasted to increase by ?$10,500. Assume your beginning debt is ?$106,900. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your? debt-equity ratio? constant?

Reference no: EM133000859

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