21. The book value of a company's debt is USD 121.7 million and the book value of its equity is USD 475.4 million. For next year, the management of the company expects that i) net income will be USD 69.8 million, ii) it will pay out 29% of net income as a dividend and iii) net new financing will be USD 17.6 million. In order to keep the debt- to-equity ratio constant, the amount of debt that the company needs to issue is Answer A. USD 3.9 million. B. USD 13.7 million. Correct C. USD 3.6 million