all of it not clear, or just the requirement section?

Is this better? I tried snapping it in 3 different pieces to make it visible.

Paragraph Sunrise, Inc. has no debt outstanding and a total market value of $356.900 Earings before Interest and taxes. EBIT, are projected to be $50,000 if economic conditions are normal there is strong expansion in the economy. then EBIT will be 16 percent higher. there is a recession, then EBIT Wl be 25 percent lower. The company is considering a $180,000 debt issue with an interest rate of 5 percent. The proceeds will be used to repurchase shares of stock. There are currently 8,300 shares outstanding. Ignore taxes for questions a and b. Assume the company has a market-to-book ratio of 10 and the stock price remains constant Assume the firm has a tax rate of 23 percent 0-1 Calculate return on equity (ROE) under each of the three economic scenarios before any debt is ksued. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places. e... 22.16.) C-2 Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g32.16) C-3. Calculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 3216.) C-4. Given the recapitalization calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16) Answer is complete but not entirely correct. 3.09 10,70 % % 261 Recession ROE Normal ROE Expansion ROE Recession pero Expansion percentage chan ROE 270 1.13 1241 17.5433 Recession ROE Normal ROE Evasion FCE Recento percentage chan n pero 2004 E 3.4283 Sunrise, Inc., has no debt outstanding and a total market value of $356,900. Earnings before interest and taxes, EBIT, are projected to be $50,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 16 percent higher If there is a recession, then EBIT will be 25 percent lower. The company is considering a $180,000 debt issue with an interest rate of 5 percent. The proceeds will be used to repurchase shares of stock. There are currently 8,300 shares outstanding. Ignore taxes for questions a and b. Assume the company has a market-to-book ratio of 1.0 and the stock price remains constant. Assume the firm has a tax rate of 23 percent. C-1. Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) c-2. Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) -3. Calculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Given the recapitalization, calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Recession ROE Normal ROE Expansion ROE 809 10.79 % % Answer is complete but not entirely correct. 1. % % % C- 12. Recession ROE Normal ROEN Expansion ROE Recession percentage change in ROE Expansion percentage change in ROE Recession ROE Normal ROE Expansion ROE Recession percentage change in ROE Expansion percentage change in ROE 8.09 10.79 12.51 270 1.73 12.41 17.54 % 20.96 29.94 3.42 % % % % % C-