Question: Assume that shares could be repurchased at the current market price of $25 per share. Calculate CDs expected EPS and TIE at debt levels of

Assume that shares could be repurchased at the current market price of $25 per share. Calculate CD’s expected EPS and TIE at debt levels of $0, $250,000, $500,000, $750,000, and $1,000,000. How many shares would remain after recapitalization under each scenario?

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