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Assume you own 600 shares of stock in an all equity firm and want to use homemade leverage to create your preferred D/E ratio of 1.4. If the stock price is $20 per share, what amount do you need to lend or borrow? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50