Suppose Caterpillar, Inc., has 655 million shares outstanding with a share price of $ 72.06 and $ 25.67billion in debt.

Suppose Caterpillar, Inc., has 655

million shares outstanding with a share price of $ 72.06 and $ 25.67billion in debt. If in three years, Caterpillar has 702million shares outstanding trading for $ 86.98per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?

The amount of debt required in three years will be $nothing

billion.(Round to two decimal places.)

CurrentEquityDebtdebt equity ratioNewEquityDebtAdditional debt $$ $$$ 47.2025.670.543864 61.0633.21 total debt required7.54 More needed