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South County Fiber Optic projects it will need $100 million in total assets to meet the $130 million sales projection. The pro forma balance sheet

South County Fiber Optic projects it will need $100 million in total assets to meet the $130 million sales projection. The pro forma balance sheet shows accounts payable, $16 million, accrued expenses, $4 million, long-term debt, $20 million, and equity, $65 million. If South County decides to meet discretionary financing needs with 5-year notes, how much will it need to borrow?

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