Meyer Inc's total invested capital is $660,000,and its total debt outstanding is $185,000.The new CFO wants to establish a total debt to total capital ratio of 55%.The size of the firm will not change.How much debt must the company add or subtract to achieve the target debt to capital ratio?
A) $217,160
B) $178,000
C) $176,220
D) $172,660
E) $138,840
Correct Answer:
Verified
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