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 ($36.14) and leverage changes to 2.7.

Which of the following statements are true? Select all that apply. Select: 3

Total assets will rise to $223,387,684

The total investment for Baldwin will be $22,346,538

Baldwin will issue stock totaling $2,710,500

Working capital will remain the same at $14,571,374

Total liabilities will be 142,209,402