Brookman Inc's latest EPS was $2.75,its book value per share was $22.75,it had 275,000 shares outstanding,and its debt/total invested capital ratio was 44%.The firm finances using only debt and common equity,and its total assets equal total invested capital.How much debt was outstanding? Do not round your intermediate calculations.
A) $4,768,156
B) $4,571,531
C) $5,358,031
D) $5,013,938
E) $4,915,625
Correct Answer:
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