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8 11.11 points Print River Cruises is all-equity-financed with 43,000 shares. It now proposes to issue $180,000 of debt at an interest rate of 12%

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8 11.11 points Print River Cruises is all-equity-financed with 43,000 shares. It now proposes to issue $180,000 of debt at an interest rate of 12% and to use the proceeds to repurchase 18,000 shares. Suppose that the corporate tax rate is 21%. Calculate the dollar increase in the combined after-tax income of its debt-holders and equity-holders if profits before interest are: Note: Do not round intermediate calculations. 68,000 b. $ 93,000 C. $ 168,000 Increase in Cash Flow

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