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Joe owns and operates Socccer Stores of America. He has $ 500000 of his own money in the business as equity capital, but because of

Joe owns and operates Socccer Stores of America. He has $500000of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $800000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor.

Percentage of debt in the corporation=________%

The corporation's leverage factor=_________

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