To pay for the bid of $130 per share for all of TAR equity, ACQ uses a mixed payment method that includes cash and newly issued equity. ACQ issues debts to finance the cash part of the bid and issues equity to finance the equity part of the bid. In the deal, ACQ assumes all TAR’s existing debts at market value, i.e. all TAR’s existing debts become ACQ’s debts. The marginal tax rate for the merged firm is 40%. How much debts does ACQ have to issue so that the ACQ’s beta remains the same after the acquisition?