NDS Industries is evaluating a project with an initial investment at Time 0 of $640,000. The present value of the levered cash flows is $729,400 and the net present value of the project is $157,000. Using the flow-to-equity method of valuation determine the amount borrowed.
A) $89,400
B) $246,400
C) $67,600
D) $54,300
E) $64,000
C) $67,600
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