Likely level of long-term debt and equity financing.
Miletkov Company's total assets fluctuate between $320,000 and $410,000, while its fixed assets remain constant at $260,000. If the firm follows a maturity matching, or moderate, working capital financing policy, what is the likely level of its long-term debt and equity financing?
a)$260,642
b)$274,360
c)$288,800
d)$304,000
e)$320,000