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can i please have some help with this practice question i keep getting it wrong. thanks Maynes Corporation is currently all equity financed and has

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can i please have some help with this practice question i keep getting it wrong. thanks

image text in transcribedimage text in transcribed
Maynes Corporation is currently all equity financed and has a value of $100 million. Investors currently require a return of 15.8 percent on oommon stock. Maynes has a marginal tax rate of 40 percent. Maynes plans to issue $25 million of debt with a return of 6.6 percent and use the proceeds to repurchase common stock. What will be the value of the firm after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. N umber million Ice Cream Sandwich Co. expects EBIT of $250,000 every year forever. Ice Cream Sandwich Co. currently has no debt and its cost of equity is 11%. The firm can borrow at 4%. The corporate tax rate is 24%. What is the value of the firm? Enter your answer rounded to two decimal places

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