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. Infinity Completion, Inc. currently has 50,000 shares of stock outstanding and no debt. The price per share is $23.75. The firm is considering borrowing

. Infinity Completion, Inc. currently has 50,000 shares of stock outstanding and no debt. The price per share is $23.75. The firm is considering borrowing funds at 6 percent interest and using the proceeds to repurchase 5,000 shares of stock. Ignore taxes. How much is the firm borrowing?

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