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(a) Below is a company's market value-based balance sheet. The company is subject to a 30% marginal corporate tax rate. All other M&M assumptions continue

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(a) Below is a company's market value-based balance sheet. The company is subject to a 30% marginal corporate tax rate. All other M&M assumptions continue to hold. Assume that debt will be rolled over indefinitely Complete the following balance sheet. Balance sheet in market values ($) Long-term assets $9,200 $8,000 Long-term debt PV of interest tax shields Equity Total assets Liabilities and shareholder equity (a) Below is a company's market value-based balance sheet. The company is subject to a 30% marginal corporate tax rate. All other M&M assumptions continue to hold. Assume that debt will be rolled over indefinitely Complete the following balance sheet. Balance sheet in market values ($) Long-term assets $9,200 $8,000 Long-term debt PV of interest tax shields Equity Total assets Liabilities and shareholder equity

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