How much new borrowing will take place in the coming year

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Question - You've collected the following information about OG, Inc.:

Sales $217544

Net income $10953

Dividends $3544

Total debt $70904

Total equity $67551

If the company grows at the sustainable growth rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio?

Reference no: EM132233512

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