In: Finance
For the next fiscal year, you forecast net income of $49,900
and ending assets of $506,900.
Your firm's payout ratio is 10.3%.
Your beginning stockholders' equity is $297,900,
and your beginning total liabilities are $120,000.
Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,000.
What will be your net new financing needed for next year?