Hutchinson Corporation has zero debtit is financed only with common equity. Its total assets are $410,000. The

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Hutchinson Corporation has zero debtit is financed only with common equity. Its total assets are $410,000. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? Group of answers below

155,800

172,200

164,000

189,851

Posted Date: May 18, 2024 06:03 AM

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Hutchinson Corporation has zero debtit is financed only with common equity. Its total assets are $410,000. The

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