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COL, Inc. reported a debt-to-equity ratio of 2 times at the end of 2021. If the firm's total debt at year-end was $13 million, how

COL, Inc. reported a debt-to-equity ratio of 2 times at the end of 2021. If the firm's total debt at year-end was $13 million, how much equity does COL have? $6.5 million $22 million $20 million $5 million

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