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A firm has $783,288 equity and no debt. It wants to increase their debt ratio to 0.46 for increased leverage by borrowing money but then
A firm has $783,288 equity and no debt. It wants to increase their debt ratio to 0.46 for increased leverage by borrowing money but then will use the entire borrowing to buying back shares and consequently will not be changing their total assets. How much should they borrow, to the nearest dollar?
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