Question $1$

Karl Marx, who witnessed the Industrial Revolution was the father of Structural Functional theory.

True

False

Current Attempt in Progress

Pedro & Co$.$ has $$720,000$ of assets and is all$-$equity financed. The new CFO wants to use enough debt to raise the total debt to total

capital ratio to $40\%,$ using the proceeds from borrowing to buy back common stock at its book value. How much must the firm borrow

to achieve the target debt ratio?

$$317,520$

$$273,600$

$$302,400$

$$288,000$