During the year, company xyz had sales of 2384000. cost of goods sold, administrative and selling, and depreciation expense were 1441000, 436600, and 491600, respectively. in addition, the company had an interest expense of 216600 and a tax rate of 35% (ignore any tax loss carry back or carry forward provisions.) company xyz paid out 375000 in cash dividends. assume that net capital spending was 0, no new investments were made in net working capital, and no new stock was issued during the year.
Calculate the firm's new long-term debt added during the year.