What is the minimum amount of bonds

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Reference no: EM131191730

Tech Corp had gross sales of $9 million and total expenses of $8.5 million.

Assume that Tech wants to undertake a capital investment of $1 million.

What is the minimum amount of bonds it would have to issue to do so? Assume that Tech pays out $300,000 in dividends. Now what is the minimum amount it would have to borrow?

Reference no: EM131191730

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