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2. 10.00 points Three Piggies Enterprises has no debt. Its current total value is $72.4 million. Assume the company sells $33.2 million in debt ignoring
2. 10.00 points Three Piggies Enterprises has no debt. Its current total value is $72.4 million. Assume the company sells $33.2 million in debt ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debl-equity ratio Assume the company's tax rate is 30 percent What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debt-equity ratio eBook & Resources Worksheet Learning Objective: 13-01 Discuss the eftect of financial leverage Difficulty: 2 Intermediate Section: 13.3 Capital Structure and the Cost of Equity Capital
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