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8. A company that is 34% debt financed has stock that currently sells for $45 per share. You own 130 shares of this company's stock
8. A company that is 34% debt financed has stock that currently sells for $45 per share. You own 130 shares of this company's stock and have a cost of borrowing of 7%. If you want to use homemade leverage to replicate an all-equity capital structure, what amount will you borrow or lend?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50
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