A corporation has $50,000 in equity and a debt-to-total-assets ratio of 0.5. The firm wants to reduce this ratio to 0.2 by selling new common stock and using the proceeds to repay principal on outstanding long-term debt.

What amount of additional equity financing must the corporation obtain to accomplish this objective?

		$20,000
		$30,000
		$80,000
		$100,000