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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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