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3. (TCO G) Beranek Corp. has $410,000 of assets, and it uses no debtit is financed only with common equity. The new CFO wants to
3. (TCO G) Beranek Corp. has $410,000 of assets, and it uses no debtit is financed only with common equity. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? (Points : 10) $155,800 $164,000 $172,200 $180,810 $189,851
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