Brookman Inc.'s latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity and its total assets equal total invested capital.
How much debt was outstanding?
a) $4,586,179 b) $4,827,557 c) $5,081,639 d) $5,349,094 e) $5,630,625
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