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Lake Houston Catering Company s financing information: Loan Amount $ 2 7 5 , 0 0 0 Interest Expenses $ 1 5 , 3 0

Lake Houston Catering Companys financing information:
Loan Amount $275,000 Interest Expenses $15,300
Net Income $67,250 Equity Partner Share 45%
Equity $350,000 Tax Rate 30%
What is the weight of debt of the Lake Houston Catering Company?

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