For the next fiscal year, you forecast net income of $ 52,000 and ending assets of $ 502, 700. Your firm's payout ratio is 10.4 %. Your beginning stockholders' equity is $ 296,800 and your beginning total liabilities are $ 119, 800. Your non-debt liabilities such as accounts payable are forecasted to increase by $ 9 ,900. Assume your beginning debt is $ 107 ,300. 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?
The amount of equity to issue will be
$________(Round to the nearest dollar.)