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Likely level of long-term debt and equity financing.
Miletkov Company's total assets fluctuate between $320,000 and $410,000, while its fixed assets remain constant at $260,000. If the firm follows a maturity matching, or moderate, working capital financing policy, what is the likely level of its long-term debt and equity financing?
a)$260,642 b)$274,360 c)$288,800 d)$304,000 e)$320,000
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