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irving crop. is currently all equity is considering a $555000 debt issue maintain a debt equity ratio of 0.40 in the capital structure following M&M

irving crop. is currently all equity is considering a $555000 debt issue maintain a debt equity ratio of 0.40 in the capital structure following M&M proposition I. The intrest rate on debt is 10%. there are currently 75000 shares outstanding. the earnings before interest taxes is expected to remain constant at 900000$.

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