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Assume the following for 2020: Cash flow from assets (CFFA)=$10M ; Dividends paid =$55M ; New equity issued d=$1M ; and Interest paid=$10M . What

Assume the following for 2020: Cash flow from assets (CFFA)=\$10M ; Dividends paid =\$55M ; New equity issued d=\$1M ; and Interest paid=\$10M . What is correct with regard to this firm's borrowing in 2020? The firm : a increased its long-term debt in the amount of $24M. b.repaid long -term debt in the amount of \$24M . repaid long-term debt in the amount of \$4M . d increased its long-term debt in the amount of $4M.

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