BALANCE SHEET The assets $of$ Dallas & Associates consist entirely $of$ current assets and net plant and equipment, and the firm has $no$ excess cash. The firm has total assets $of$

$

$2\mathrm{.}5$

million

and net plant and equipment equals

$

$2$

million

$.It$ has notes payable $of$ $$150,000,$ long$-$term debt $of$ $$750,000,$ and total common equity $of$

$

$1\mathrm{.}5$

million

$.$ The firm does have accounts payable and accruals $on$ its balance sheet. The firm only finances with debt and common equity, $soit$ has $no$ preferred stock $on$ its balance sheet.

What $is$ the company$s$ total debt?