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B&B Company uses a residual dividend policy. A debt-equity ratio of 1.20 is considered optimal. Earnings for the period just ended were $3,800, and a

B&B Company uses a residual dividend policy. A debt-equity ratio of 1.20 is considered optimal. Earnings for the period just ended were $3,800, and a dividend of $425 was declared. How much in new debt was borrowed? What were total capital outlays

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