1 Macbeth Spot Removers is entirely equity financed with values as shown below Dete Hur shares Price per share Market value of shares pants Athought expects to have an income of $2,900 a year in perpetuity. This income is not certain. This table shows the return to stockholders under different assumptions about operating income. We assume notes Operating income (5) 1.9 Suppose that Macbeth Spot Hemovers issues only 86,240 of debt and uses the proceeds to repurchase 200 shares. The interest rate Calculate the equity ratings, earrings per share, and return on shares for each operating income assumption input all velves as a positive number. Round your "Earnings per there answers to 2 decimal places. Enter your "Return on shares answers as a percent rounded to 2 decimal places Hound the other answers to the nearest whole number) Outcomes Operating income interest 11 NA my work Although it expects to have an income of $2,900 a year in perpetuty, this income is not certain. This table shows the return to stockholders under different assumptions about operating income. We assume no faces 25 pores Operating Income (5) 2,400 2,900 3,400 Print Suppose that Macbeth Spot Removers issues only $6.240 of debt and uses the proceeds to repurchase 260 shares. The interest rate on the debt is 6% a. Cakulate the equity earnings, earnings per share, and return on shares for each operating income assumption (Input all values as a positive number. Round your "Earnings per share answers to 2 decimal places. Enter your "Return on shares" answers as a percent rounded to 2 decimal places. Round the other answers to the nearest whole number) ferences Outcomes Operating income (5) Interest Equity Gaming (5) Earnings per share (5) Retus on shares (5) Check my work 1 Outcomes 25 points Operating income (5) Interest Equity earnings (5) Earnings per share (5) Return on shares (%) eBook Print references b. If the beta of Macbeth's assets is 108 and its debt is risk.free, what would be the beta of the equity after the debt issue? (Round your answers to 2 decimal places) Alquity beta Det bete DIE ratio Equity bata