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Remaining Time: 58 minutes, 18 seconds. Question Completion Status Moving to another question will save this response Ovention 21 of 25 10 points Save Answer

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Remaining Time: 58 minutes, 18 seconds. Question Completion Status Moving to another question will save this response Ovention 21 of 25 10 points Save Answer Question 21 1 Beranek Corp has 5720,000 of assets (which equal total invested capital), and it uses no debt financed only with common equity. The new CFO wants to employ enough debt to raise the total debt to total capital ratio to 40%, wing 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? 5302,400 5317320 $288.000 5273.600

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