What amount of equity and what amount of debt would you


For the next fiscal year, you forecast net income of $ 48, 800 and ending assets of $ 509, 600. Your firm's payout ratio is 9.6 %. Your beginning stockholders' equity is $ 296,600 and your beginning total liabilities are $ 120,700. Your non-debt liabilities such as accounts payable are forecasted to increase by $ 9,900. Assume your beginning debt is $ 102,600. 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?

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Financial Management: What amount of equity and what amount of debt would you
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