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The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of 2.5 million and net plant and equipment equals exist2 million. It has notes payable of exist150,000, long-term debt of exist620,000, and total common equity of exist1.5 million. The firm also has accounts payable and accruals of exist100,000 on its balance sheet. What is the companys total debt?

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