Brookman Inc's latest EPS was $2.75,its book value per share was $22.75,it had 315,000 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?
A) $4,586,179
B) $4,827,557
C) $5,081,639
D) $5,349,094
E) $5,630,625
Correct Answer:
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