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Companies that use debt in their capital structure are said to be using financial leverage. Using leverage can increase shareholder return, but leverage also increases

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Companies that use debt in their capital structure are said to be using financial leverage. Using leverage can increase shareholder return, but leverage also increases the risk that shareholders bear Consider the following case: Mammoth Pictures Inc. is a small company and is considering a project that will require 1500,000 in assets. The project will be financed with 100 equity. The company fuces a tax rate of 25% What will be the ROE (return an equity) for this project uit produces an IT (carnings before interest and taxes) of $160,000 13.00% 0 22.00% 0 20.00% 14.00% Determine what the project's ROE will be if its EBIT is-$50,000. When calculating the tax effects, assume that Mammoth Pictures Inc. as a whole have a large, positive Income this year. 7.44% 5.27 Mammoth Pictures Inc. is also considering financing the project with 50% equity and 50% debt. The interest rate on the company's debt will be in What will be the project ROE i produces an art of $100,000 22.09 23:20 24,20% 30.35 What will be the project's ROE if it produces an EBIT of -$50,000 and it finances 50% of the project with equity and 50% with debt? When calculating the tax effects, assume that Mammoth Pictures Inc as a whole will have a large, positive income this year. 0 -21.14% -28.9256 0-22.25% 0-23.36% ABC Telecom Inc, currently is financed with 10% debt and 90% equity. However, its CFO has proposed that the firm issue new long-term debt and repurchase some of the firm's common stock. Its advisers believe that the long term debt would require a before tax yield of 10%, while the firm's basic earning power is 14%. The firm's operating income and total assets will not be affected. The CFO has told the rest of the management team that he believes this move will increase the firm's stock price. If ABC Telecom Inc. proceeds with the recapitalization, which of the following terms are also likely to increase? Check all that apply Cost of equity (r.) 2 Cost of debt (ra) Basic earning power (BEP) Net Income Return on assut (ROA)

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