1.2.

shares outstanding and $8 million in debt at an interest rate of 5%. The tax rate is 0%. According to MM Proposition 1, what is the stock price for Gamma? $24.10$26.29$28.48$30.67$32.86 5.5%. If the company has 2 million shares outstanding, what is the value per share using the APV method? (Hint: determine the value of equity, then calculate the value per share) $62.98$63.70$64.42$65.14$65.86