Question

Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000...

Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 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? Do not round your intermediate calculations.

a. $5,013,938
b. $5,358,031
c. $4,915,625
d. $4,768,156
e. $4,571,531

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