Assume that Tesla is an all equity entity with 76.000 shares of stock outstanding at a market price of $30 a share. Assume that Tesla's earnings before interest and taxes are $89.000. Tesla has decided to add leverage to their financial operations by issuing $570,000 of debt with a 10% percent interest rate. This $570,000 will be used to repurchase shares of stock. Assume that you own 3.000 shares of Tesla stock. In addition, assume that you loan out funds at a 10% percent rate of interest. How many of your shares of stock in Tesla must you sell to offset the leverage that the firm is assuming? Assume that you loan out all of the funds you receive from the sale of your stock 795 shares 750 shares 675 shares 825 shares 220 shares Raising Canes has a market value equal to its book value. Assume that Raising Canes has excess cash of $6,900 and other assets of $16,100. Equity is worth $23,000. The firm has 350 shares of stock outstanding and net income of $1,750. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? $56 $35 $40 $51 $46 Going Solar is becoming popular. Assume that a Solar company sells $32,800 of items on credit each day. and let's assume that its average inventory period is 32 days and its operating cycle is 52 days. What is the average accounts receivable balance? $1705.600 $656,000 $1,312.000 $1,082,400 $1.049,600