How much new borrowing will take place in the coming year

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Reference no: EM131913180

You've collected the following information about Odyssey, Inc.:

  Sales
$ 185691
  Net income
$ 14033
  Dividends
$ 4506  
  Total debt
$ 80919  
  Total equity
$ 57042  

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: EM131913180

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