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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 32
If a public utility expands its capacity to generate electricity by obtaining $41 million from retained earnings and $30 million from municipal bond sales, the utilities' debt-to-equity mix is closest to:
a) 58% debt and 42% equity
b) 73% debt and 27% equity
c) 27% debt and 73% equity
d) 42% debt and 58% equity
a) 58% debt and 42% equity
b) 73% debt and 27% equity
c) 27% debt and 73% equity
d) 42% debt and 58% equity
Explanation
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Verified
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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