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Granger Inc. has done a long-term forecast of its balance sheet. Total assets are projected to be $1.5 million and current liabilities are projected to

Granger Inc. has done a long-term forecast of its balance sheet. Total assets are projected to be $1.5 million and current liabilities are projected to be $750,000. If the firm expects to need $500,000 in net new financing, what are the projected long-term liabilities?

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