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Hutchinson Corporation has zero debtit is financed only with common equity. Its total assets are $410,000. The new CFO wants to employ enough debt to

Hutchinson Corporation has zero debtit is financed only with common equity. Its total assets are $410,000. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? a. $164,000 b. $155,800 c. $172,200 d. $180,810 e. $189,851

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