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Dewey Col. Has total debt of $ 4 2 0 , 0 0 0 and stockholders' equity of $ 7 0 0 , 0 0
Dewey Col. Has total debt of $ and stockholders' equity of $ Dewey is seeking capital to fund an expansion. Dewey is planning to issue an additional $ in common stock and is negotiating with a bank to borrow additional funds. The bank is requiring a debttoequity ratio of What is the maximum additional amount Dewey will be able to borrow?
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