Homework: Chapter 18 Homework Problems Save Score: 0 of 10 pts 3 of 20 (2 complete) HW Score: 10%, 20 of 200 pts P 18-3 (similar to) Question Help For the next fiscal year, you forecast net income of $48, 100 and ending assets of $506,800. Your firm's payout ratio is 102%. Your beginning stockholders' equity is $298,600 and your beginning total liabilities are $120,300. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,300. Assume your or beginning debits 5106,600. 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 cortant? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The amount of equity to insue will be $(Round to the nearest dollar) don jestio tion estion Jestion