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A firm has 3 milion shares of common stock outstanding with a book value of $14.31 per share. The firm also has total assets with

A firm has 3 milion shares of common stock outstanding with a book value of $14.31 per share. The firm also has total assets with a book value of $48 million. There is no preferred stock. What are the firm's total liabilities? (Round to two decimal places.)

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