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1. The Florida seach Company, a maker of boats, is having financial difficulties due to high interest payments. The estimated going concerne value of Florida

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1. The Florida seach Company, a maker of boats, is having financial difficulties due to high interest payments. The estimated "going concerne" value of Florida Beach is the sum of all assets (total assets) The senior debt claim is on total assets. The bataoce sheet of the firm is as shown Current Assets 1,300,000 Senior Debt 5,900,000 Fixed Assets 6,700,000 Subordinated Debit 3,000,000 Stockholders Equity 200,000 Florida Beach decides to file for format bankruptcy and expects to sell the form for the "going concern" value. It has to pay administrative fees, which amounts to its of the tot going concern value and past taxes and employee benefits, which are 10% of the going concern value Determine the amount that the sono dettholders and junior (subordinated) debtholder will get under the seniority.rules that we discussed in class Valj ett av alternativen a Senior debtholders = 5,840.000, junior debtholders = 0 b. Senior debtholders = 5,900,000, junior debtholders 1,460,000, c. Senior debtholders = 5,650,000, junior debtholders 1.780,000 d Senior debtholders = 5,460,000, junior debtholders = 1,380,000

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