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At the beginning of the year, a company has $10,300 for current liabilities and$200,300 for long-term debt. At the end of the year, the company

At the beginning of the year, a company has $10,300 for current liabilities and$200,300 for long-term debt. At the end of the year, the company has $20,400 for current liabilities and $300,200 for long-term debt. It paid out interest expense of $32,100 and dividends of $12,300. Calculate net new borrowing.

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