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Assume Astros Corp. has LTM EBITDA of $40 million and no existing debt outstanding. At 6.0x leverage, what is the debt capacity of Astros Corp.?

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Assume Astros Corp. has LTM EBITDA of $40 million and no existing debt outstanding. At "6.0x leverage", what is the debt capacity of Astros Corp.? Select one: a. $46 million b. $40 million c. $300 million d. $240 million

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