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Question 12 (2 points) A firm has 340,000 shares of common stock outstanding and maintains a debt-equity ratio of 3. The earnings estimate for next

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Question 12 (2 points) A firm has 340,000 shares of common stock outstanding and maintains a debt-equity ratio of 3. The earnings estimate for next year is $180,000. What is the maximum amount of capital spending that can occur without the firm issuing any additional equity? O $540,000 $540,000 O $180,000 O $135,000 $720,000 Previous Page Next Page Page 12 of 31

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