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Montclair Company is considering a project that will require a $630,000 loan. It presently has total liabilities of $155,000, and total assets of $685,000. 1.

Montclair Company is considering a project that will require a $630,000 loan. It presently has total liabilities of $155,000, and total assets of $685,000. 1. Compute Montclairs (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $630,000 to fund the project.

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