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Bostian, Inc. has total assets of $ 6 3 0 , 0 0 0 . Its total debt outstanding is $ 1 8 5 ,

Bostian, Inc. has total assets of $630,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?
Select the correct answer.
a. $161,442
b. $161,616
c. $161,500
d. $161,384
e. $161,558

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