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12-13 Devine Books currently has $150 million in total assets, which is financed with debt and common equity. The CFO constructed the following table to

12-13 Devine Books currently has $150 million in total assets, which is financed with debt and common equity. The CFO constructed the following table to illustrate the effect of changing the firm's capital structure. Based on this information, which capital structure will maximize the price of Devine's stock? What is Devine's optimal capital structure? Explain your answer. (LO 12-2) 12-13 Devine Books currently has $150 million in total assets, which is financed with debt and common equity. The CFO constructed the following table to illustrate the effect of changing the firm's capital structure. Based on this information, which capital structure will maximize the price of Devine's stock? What is Devine's optimal capital structure? Explain your answer. (LO 12-2)

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