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5.Leggett Inc., has total assets of $1,050,000 and total current liabilities (consisting only of accounts payable and accruals) of $150,000. Leggett uses only long-term debt

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5.Leggett Inc., has total assets of $1,050,000 and total current liabilities (consisting only of accounts payable and accruals) of $150,000. Leggett uses only long-term debt and common equity. The interest rate on its debt is 9% and its tax rate is 40%. The firm's basic earning power ratio is 15% and its debt-to capital rate is 40%. What are the Leggett ROE and ROIC? Do not round your intermediate calculations. PV AND LOAN ELIGIBILITY You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 12% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? For 60 months

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