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ABC Inc. has total assets at $7,450,000, with total debt amount at $1,870,000. The manager wants to establish a debt ratio of 55%. The size

ABC Inc. has total assets at $7,450,000, with total debt amount at $1,870,000. The manager wants to establish a debt ratio of 55%. The size of the firm does not change. How much debt must the company add to achieve the target debt ratio?

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