Brookman Inc's latest EPS was $2.75, its book value per share was $26.11, it had 210,000...
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Brookman Inc's latest EPS was $2.75, its book value per share was $26.11, it had 210,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations. a. $3,854,400 b. $5,483,100 c. $6,978,491 d. $4,308,150 e. $4,905,600 Brookman Inc's latest EPS was $2.75, its book value per share was $26.11, it had 210,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations. a. $3,854,400 b. $5,483,100 c. $6,978,491 d. $4,308,150 e. $4,905,600
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