It is January 2nd and senior management of Baldwin meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds. Assume the bonds are issued at face value and leverage changes to 2.7. Which of the following statements are true? Select all that apply.

Select: 3

Baldwins long-term debt will rise by $10,000,000

Working capital will remain the same at $17,914,101

Total Assets will rise to $225,718,743

Total liabilities will be $138,464,707

The total investment for Baldwin will be $19,867,257

Annual Report	Baldwin	C59559	Round: 2 Dec. 31, 2019

Balance Sheet

DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends.

ASSETS			2019	2018
			Common Size
Cash	$43,734		20.3%	$22,028
Accounts Receivable	$14,358		6.7%	$10,299
Inventory	$5,720		2.7%	$10,117
Total Current Assets		$63,812	29.6%	$42,444
Plant & Equipment	$222,560		103.2%	$165,300
Accumulated Depreciation	($70,653)		-32.8%	($57,176)
Total Fixed Assets		$151,907	70.4%	$108,124
Total Assets		$215,719	100.0%	$150,568
LIABILITIES & OWNERS' EQUITY
Accounts Payable	$9,066		4.2%	$6,818
Current Debt	$34,841		16.2%	$21,740
Long Term Debt	$84,558		39.2%	$59,153
Total Liabilities		$128,465	59.6%	$87,711
Common Stock	$36,697		17.0%	$18,647
Retained Earnings	$50,558		23.4%	$44,210
Total Equity		$87,255	40.4%	$62,857
Total Liab. & O. Equity		$215,719	100.0%	$150,568