the net financing required will be...? For the next fiscal year,...
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the net financing required will be...? 
For the next fiscal year, you forecast net income of $49,600 and ending assets of $500,200. Your firm's payout ratio is 10.3\%. Your beginning stockholders' equity is $296,400 and your beginning total liabilities are $119,800. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. What is your net new financing needed for next year? 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
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