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Bostian, Inc. has total assets of $635,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a

Bostian, Inc. has total assets of $635,000. 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. $164,057 b. $163,992 c. $164,250 d. $164,186 e. $164,121

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