Edmund Enterprises recently made a large investment to upgrade its technology. Although these improvements wont have much

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Edmund Enterprises recently made a large investment to upgrade its technology. Although these improvements won’t have much of an impact on performance in the short run, they are expected to reduce future costs significantly. What impact will this investment have on Edmund Enterprises’s earnings per share this year? What impact might this investment have on the company’s intrinsic value and stock price?

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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