You have one LAST attempt left of this question for credit.

Massachusetts Burger is a national chain that, because of its success, has

decided to expand. MassBurger, as it's also known, is currently unlevered

and has assets valued at $3500000.$ Suppose the size of the assets

increases by a factor of $6\mathrm{.}57($for example, if the factor is $10,$ then it means

the amount of assets will be $10$ times as large$),$ with all of the expansion

funds coming from debt capital.

What must the percentage fall in the assets be before all the equity is

wiped out?

Answer:

Place your answer in percentage form and two decimal places. For

example, if your answer is twelve point seven five percent then submit as

your answer $12\mathrm{.}75\%$