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You decide to take the profit from X and reinvest it into another project. Assume that you will use the NPV from the first project

You decide to take the profit from X and reinvest it into another project. Assume that you will use the NPV from the first project and raise $2,000,000 in equity. The project's initial investment is $4,000,000, so you must issue debt to cover the cost. What is your debt to equity ratio (proportion of debt)?

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