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The Pelican Resort Hotel reported a debt to equity ratio of 1.75 at the end of 2008. If the firm's total debt at the end

The Pelican Resort Hotel reported a debt to equity ratio of 1.75 at the end of 2008. If the firm's total debt at the end of 2008 was $25 million, what was the total owners' equity for the Pelican Resort Hotel at the end of 2008?

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$12,775,000

$14,285,714

$15,682,445

$13,212,300

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