10 A company's stock sells for $72.00 per share. The total market value of the equity is $40 million while the market-to-book ratio is 8 . What is the book value per share? A. $12. B. 810 . C. $19. D. $14. E. None of the above. 11. If the pro forma balance sheet shows that total assets must grow to $400,000 while retaining a debt-equity ratio of 0.55 then (Hint: Use 2 decimal points for your calculations.) A. Equity must increase by $158,064.51. B. Equity must increase by the full $400,000. C. Debt must increase by $141,935.48. D. Debt must decrease by $100,000. E. None of the above. 12. If a firm uses external financing as a balancing item, has capital expenditures (new investment) of $2 million, a net income of $3 million, and a plowback ratio of 60%, how much should be raised in external financing? A. $300,000. B. $800,000. C. $180,000. D. $120,000. E. None of the above