BD Lean, Inc. (BDL) had sales of $200,000 on which it earned a net income of $22

BD Lean, Inc. (BDL) had sales of $200,000 on which it earned a net income of $22,000. It has a total debt of $51,000 and total equity of $60,000. Last year, it paid dividends of $6,000. If total debt ratio remains constant and it grows at the sustainable growth rate in the coming year, how much new borrowing will take place? (Hint: Calculate SGR first.)

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