Question: Show correct steps, math, and reasoning. 1. Bostan, Inc. has total assets of $525,000. Its total debt outstanding is $105,000. The CFO wants to target

Show correct steps, math, and reasoning.

1. Bostan, Inc. has total assets of $525,000. Its total debt outstanding is $105,000. The CFO wants to target a debt-to-assets ratio of 35%. How much debt must the company add or subtract to achieve the target debt ratio?

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