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Answer without Excel pls. For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find
Answer without Excel pls.
For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find the following:
Financial Information: | Value: |
---|---|
Shareholder equity | $240.00 million |
# of shares outstanding | 65.50 million |
Price per share | $18.25 |
Book value of debt | $50.00 million |
Market value of debt | 90.00% of face value |
What is the market capitalization of the common equity? (answer in terms of millions)
Answer format: Currency: Round to: 2 decimal places.
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