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Granger Inc. has done the following projections for its balance sheet: total assets of $85 million, current liabilities of $30 million, long-term liabilities of $40

Granger Inc. has done the following projections for its balance sheet: total assets of $85 million, current liabilities of $30 million, long-term liabilities of $40 million. If the firm will require net new financing of $1 million, what is the projected amount of stockholders' equity?

$14 million

$12 million

$13 million

$ 17 million

$10 million

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