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Right now Fuel-To-Go has debt worth 38 million dollars and equity worth 99 million dollars. Fuel-To-Go would like to increase the amount of debt outstanding
Right now Fuel-To-Go has debt worth 38 million dollars and equity worth 99 million dollars. Fuel-To-Go would like to increase the amount of debt outstanding so that debt makes up 65% of their capital structure. How much will the firm's equity be worth after this change? (Put your answer in millions) The correct answer is 47.95, please demonstrate how to get the answer provided.
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