Question: ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity $119,834,237 $95,651,056 ABC Inc. will raise additional capital for new projects this

ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity

ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity $119,834,237 $95,651,056 ABC Inc. will raise additional capital for new projects this year, in the amount of $40,783,610. The firm believes, however, that a capital structure with 57.13% debt is ideal. Assuming they want to change their capital structure to the new target, how much will the company have to raise in debt? Do not round any intermediate calculations. Please round your answer to the nearest dollar.

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