30 F3 Question 26 You are thinking of investing in ANC, Inc. You have only the following information on the firm at year-end 2022: debt-to-equity ratio of .80 times, and total assets of $50.0 million. What is ANC's equity at year-end 2022? Hint: If the debt-to-equity ratio = 0.80, then total equity/ total debt = 1/0.80 1.25. O $22.22 million O $27.78 million $31.50 million O $25.54

You are thinking of investing in ANC, Inc. You have only the following information on the firm at year-end 2022: debt-to-equity ratio of 80 times, and total assets of $50.0 million. What is ANC's equity at year-end 2022? Hint: If the debt-to-equity ratio =0.80, then total equity/ total debt = 1/0.80=1.25. $22.22 million $27.78 million $31.50 million $25.54