EBK CENTURY 21 ACCOUNTING: MULTICOLUMN
11th Edition
ISBN: 9781337670401
Author: LEHMAN
Publisher: VST
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TechnoWorks has an expected EBIT of $50,000 in perpetuity and a tax rate of 30 percent. The firm has $100,000 in outstanding debt at an interest rate of 8 percent, and its unlevered cost of capital is 12 percent. What is the value of the firm according to M&M Proposition I with taxes? Should TechnoWorks change its debt-equity ratio if the goal is to maximize the value of the firm?
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- Danzel Home Goods operates in the household goods industry, where stocks typically have an average P/E ratio of 9.2. Danzel recently reported a net income of $58,000 and has 62,000 shares of common stock outstanding. What is the estimated value of Danzel's stock using this information?arrow_forwardWhat is the estimate value of danzels stock using this information?arrow_forwardWhat is the effective after tax interest expense for the firm?arrow_forward
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