Bostian, Inc. has total assets of $625,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?
A. $158,750
B. $166,688
C. $175,022
D. $183,773
E. $192,962
Answer: A
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