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Your firm had the following items on its balance sheet (in $ millions): Year 2020 Liabilites & Equity Year 2020 Assets Cash & Cash Equivalents

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Your firm had the following items on its balance sheet (in $ millions): Year 2020 Liabilites & Equity Year 2020 Assets Cash & Cash Equivalents Account Receivables Inventories PPE Debt Equity 97 102 25 46 35 93 It also had a net income in 2020 of $51 millions and paid total dividends of $20.4 millions. If your firm grows at its internal growth rate, what will the new Debt/Equity ratio be next year

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