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Firm A has assets of $638,108,592, $50,000,000 of which are cash. It has debt of $141,989,692. If KMS repurchases $15,245,987 of its stock After the

Firm A has assets of $638,108,592, $50,000,000 of which are cash. It has debt of $141,989,692. If KMS repurchases $15,245,987 of its stock After the repurchase, what will its new leverage ratio be ?

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