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A company has raised $90 million to finance their business, with a 50/50 debt to equity ratio. If they want to raise debt to reach
A company has raised $90 million to finance their business, with a 50/50 debt to equity ratio. If they want to raise debt to reach a 70/30 D/E ratio, how much debt would they need to raise?
options:
| $40 million |
| $15 million |
| $60 million |
| $35 million |
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