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For the next fiscal year, you forecast net income of $49,000 and ending assets of $505,500. Your firm's payout ratio is 10.1%. Your beginning stockholders' equity is $298,500, and your beginning total liabilities are $119,300. 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? The net financing required will be $ (Round to the nearest dollar.)

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