Question: Given the following information, at what dollar amount will you need to start financing with the third class of debt? First class of debt =

Given the following information, at what dollar amount will you need to start financing with the third class of debt?

First class of debt = $10m worth of bonds

Second class of debt = $6m worth of bonds

Third class of debt = $8m worth of bonds

Weight on debt = 28.8%

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