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Dooda Mfg. has just changed its capital structure from D = $471,000 to D = $266,000. Before the change, the market value of Dooda's equity
Dooda Mfg. has just changed its capital structure from D = $471,000 to D = $266,000. Before the change, the market value of Dooda's equity was $604,000. Find the market value of Doodas equity now that the company has changed its debt. The corporate tax rate is 26%. Write your answer to the nearest dollar; e.g., if you believe the answer is $456,789.55 then write your answer as 456790
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