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a Mariella owns stock in a firm that switched from 50% debt leverage to all-equity capital structure. When the company was leveraged with 50% debt,

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a Mariella owns stock in a firm that switched from 50% debt leverage to all-equity capital structure. When the company was leveraged with 50% debt, the EPS was $0.66 and Mariella owned 350 shares. The interest rate on debt is 7.92%, the price per share is $5.80, and the company has a 100% dividend policy. Now that the company is all-equity capitalized, the EPS is $0.56. If Mariella wants to recreate the same dividend cash flow she enjoyed when the company was 50% debt leveraged, how much personal debt does she need to acquire? $2,030.00 $8,400.00 O $12,030.00 O $15,810.00 $18,550.00

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