For the next fiscal? year, you forecast net income of $48,100 and ending assets of $504,000. Your? firm's payout ratio is 9.6%. Your beginning? stockholders' equity is $298,000 and your beginning total liabilities are $119,700. Your? non-debt liabilities such as accounts payable are forecasted to increase by $9,700. Assume your beginning debt is $109,800. 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?
Please show work.
The amount of equity to issue will be...
The amount of debt to issue will be...