You've collected the following information about Odyssey, Inc

Finance Sep 21, 2020

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

Sales $218,700

Net income $14,608

Dividends $4,413

Total debt $62,478

Total equity $67,902

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?

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)

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