(Solution) - Electrical generators produce not only electricity but also hea -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Electrical generators produce not only electricity, but also heat from conductor resistance and from friction losses in bearings. A company that manufactures generator coolers for nuclear and gas turbine power plants undertook a plant expansion through financing that had a debt-equity mix of 45-55. If $18 million came from mortgages and bond sales, what was the total amount of the financing?