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A company with $100M of EBITDA and a leverage ratio of 2.0 decides to purse a $200M dividend recapitalization using $200M of debt. The debt

A company with $100M of EBITDA and a leverage ratio of 2.0 decides to purse a $200M dividend recapitalization using $200M of debt. The debt carries a 5% interest rate and the tax rate is 40%. What is the new leverage ratio

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