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A manufacturing company currently has 20,500 shares of stock outstanding and is considering issuing $153,000 of debt at an interest rate of 7.2 %. Given
A manufacturing company currently has 20,500 shares of stock outstanding and is considering issuing $153,000 of debt at an interest rate of 7.2 %. Given this, how many shares of stock will be outstanding once the debt is issued if the break-even level of EBIT between these two capital structure options is $71,000? Ignore taxes. Multiple Choice 14,845.13 shares 18,762.60 shares 16,453.36 shares C 17,319.32 shares O O 16,164.70 shares
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