What is the amount of the net new borrowing for the current
Course:- Finance Basics
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The balance sheet of a firm shows current liabilities of $62,400 and long-term debt of $205,900 as of last year. Current liabilities are $50,600 and long-term debt is $216,300 as of today, which is the end of the current year. The income statement for the current year displays an interest paid amount of $8,200. What is the amount of the net new borrowing for the current year?

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