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A company in assets. $5 million of those assets are financed through the bankand considered debt. This year, their operating profit is $1 million and

A company in assets. $5 million of those assets are financed through the bankand considered debt. This year, their operating profit is $1 million and last year their operating profit was $500,000.

What amount of equity does the company have?

a. $15 million

b. $14 million

c. $13.5 million

d. $1.5 milion

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