Bostian, Inc. has total assets of $715,000. 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. $208,368

b. $208,191

c. $208,250

d. $208,427

e. $208,309