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BrightTech Solutions is investing in new technology infrastructure costing $45 million. The funding will come from $15 million in retained earnings and $30 million in
- BrightTech Solutions is investing in new technology infrastructure costing $45 million. The funding will come from $15 million in retained earnings and $30 million in debt. Determine the new debt-to-equity ratio if the company's current equity is $55 million.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
978-0078025587
