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Question 2 of 5 Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $305,000. The new CFO

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Question 2 of 5 Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $305,000. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? O Select the correct answer. O a. $121.958.90 @ b $121,945.20 c. $121,986.30 d. $122,000.00 e. $121,972.60 0-Icon Key

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