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Berate Corp. has $349121 of assets, and it uses no debt-it is financed only with common equity. The new CFO wants to employ enough debt

Berate Corp. has $349121 of assets, and it uses no debt-it is financed only with common equity. The new CFO wants to employ enough debt to bring the debt/assets ratio to 42%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? ENTER NUMBERS ONLY, DECIMAL IS ALLOWED; DO NOT USE "$" OR "%" OR "," AND ROUND YOUR ANSWER TO A MINIMUM OF 2 DECIMAL POINTS

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