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Intro Bordeaux Inc. has no debt and total assets of $380,000. The CFO wants to increase the debt/assets ratio to 50%. She plans to use

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Intro Bordeaux Inc. has no debt and total assets of $380,000. The CFO wants to increase the debt/assets ratio to 50%. She plans to use the proceeds from borrowing to buy back common stock at its book value. Part 1 18 Attempt 1/10 for 10 pts. How much debt must the firm take on to achieve the target debt ratio? 0+ decimals Submit

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