Question: Dippy Donuts' total assets equal $17 million. Its book value of equity is $7 million. Excess cash is $150,000. The market value of equity is

Dippy Donuts' total assets equal $17 million. Its book value of

Dippy Donuts' total assets equal $17 million. Its book value of equity is $7 million. Excess cash is $150,000. The market value of equity is $10 million and Debt to Enterprise Value ratio is 50%. What is the book value of Dippy's interest bearing debt

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