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Suppose Extron Company has invested in a project, which requires an initial investment of $250 million and is expected to generate $300 million in one

Suppose Extron Company has invested in a project, which requires an initial investment of $250 million and is expected to generate $300 million in one year. How much leverage does the company need to use if it can borrow at 5% to generate an expected return of 35% for the equity holders? Report the required debt level in million dollars.

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