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Meyer Inc's assets are $8,000,000, and its total debt outstanding is $5,000,000. The new CFO wants to establish a debt ratio of 70%. The size
Meyer Inc's assets are $8,000,000, and its total debt outstanding is $5,000,000. The new CFO wants to establish a debt ratio of 70%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio
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