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All of the following are primary ways to allocate capital, EXCEPT a. engaging in mergers and acquisitions. b. repurchasing shares. c. returning cash to debtholders.

All of the following are primary ways to allocate capital, EXCEPT

a. engaging in mergers and acquisitions.

b. repurchasing shares.

c. returning cash to debtholders.

d. decreasing the working capital of the business.

e. paying dividends.

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