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Curley's Fried Chicken Kitchen operates two southern cooking restaurants in St. Louis. Missouri, and has the following financial structure: The firm is considering an expansion
Curley's Fried Chicken Kitchen operates two southern cooking restaurants in St. Louis. Missouri, and has the following financial structure: The firm is considering an expansion that would involve raising an additional $2.5 million. What are the firm's debt ratio and interest-bearing debt ratio in its present capital structure? If the firm wants to have a debt ratio of 50 percent, how much equity does the firm need to raise in order to finance the expansion
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