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On Jan. 1, 2021, Yellow Corp. is valuing its equity so that it can acquire additional financing from the bank. It gathered the following current

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On Jan. 1, 2021, Yellow Corp. is valuing its equity so that it can acquire additional financing from the bank. It gathered the following current values: ASSETS Current Noncurrent Land* Building Equipment Long-term Investments LIABILITIES AND EQUITY P 2,000,000 Current Liabilities P 1,500,000 Noncurrent Liabilities 10,000,000 ? 3,000,000 7,000,000 4,000,000 *The land account includes three separate lots with the following details: Original Annual Land Acquisition Date Purchase Price Appreciation Rate Jan. 1, 2010 P 2,100,000 10% B Dec. 31, 2013 1,620,000 8% Jan. 1, 2015 1,800,000 9% Basing on current values, Yellow Corp. is required to have a maximum of 45% debt ratio upon the approval of the bank loan. What is the maximum amount that the bank will lend Yellow? Round answer to the closest thousands of pesos

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