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A company with a target D/E ratio of 1.4 reported earnings of $740,000 for the period just ended. If $592,000 was the addition to retained

A company with a target D/E ratio of 1.4 reported earnings of $740,000 for the period just ended. If $592,000 was the addition to retained earnings and the company uses a residual dividend policy, what will be the increase in borrowing to maintain its target D/E ratio

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