QUESTION 17 Beranek Corp has $595,000 of assets (which equal total invested capital), and it uses no debt-it is financed only with common equity. The new CFO wants to employ 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? O a $223,720 O b. $238,000 Oc. $278,460 O d. $290,360 Oe. $254,660