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BrightFuture Education Co. aims to build five new campuses at a total cost of $30 million. The funding will come from $10 million in retained

  • BrightFuture Education Co. aims to build five new campuses at a total cost of $30 million. The funding will come from $10 million in retained earnings and $20 million in debt. Assess the change in the debt-to-equity ratio if the company's current equity is $25 million.

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