Suppose$$ Caterpillar, Inc., has $654$ million shares outstanding with a share price of $ $75\mathrm{.}66$ comma and $ $24\mathrm{.}47$ billion in debt. If in three$$ years, Caterpillar has $698$ million shares outstanding trading for $ $85\mathrm{.}87$ per$$ share, how much debt will Caterpillar have if it maintains a constant$$ debt$-$equity ratio?

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Part $1$

The amount of debt required in three years will be $$$

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