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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

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 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterdays stock price ($37.64) and leverage changes to 2.7. Which of the following statements are true? Select all that apply.
Select: 3
Baldwin will issue stock totaling $2,823,000
Total Assets will rise to $220,826,649
The total investment for Baldwin will be $207,889,807
Working capital will remain the same at $17,006,711
Equity will be $84,610,648
Total liabilities will be $120,456,159

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