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Suppose Caterpillar, Inc., has 671 million shares outstanding with a share price of $74.02, and $25.15 billion in debt. If in three years, Caterpillar has

Suppose Caterpillar, Inc., has

671

million shares outstanding with a share price of

$74.02,

and

$25.15

billion in debt. If in three years, Caterpillar has

698

million shares outstanding trading for

$85.11

per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?

The amount of debt required in three years will be

$nothing

billion.(Round to two decimal places.)

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