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Bostian, Inc. has total assets of $775,000. 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 $775,000. 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?

a. $241,136
b. $241,250
c. $241,193
d. $241,022
e. $241,079

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