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Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.5 is considered optimal. Earnings for the period just ended

Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.5 is considered optimal. Earnings for the period just ended were $2,900, and a dividend of $720 was declared.

How much in new debt was borrowed? (Omit $ sign in your response.)

New borrowings $

What were total capital outlays? (Omit $ sign in your response.)

Total capital outlays $

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