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12. Tundra Textiles (TT) has assets of $100 million (including $10 million in cash) and debt of $20 million. If TT borrows an additional $10

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12. Tundra Textiles (TT) has assets of $100 million (including $10 million in cash) and debt of $20 million. If TT borrows an additional $10 million to repurchases $20 million of stock, what is TT's new debt-to-equity ratio

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