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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 ($38.98) and leverage changes to 2.7. Which of the following statements are true? Select all that apply.
Select: 3
Equity will be $85,773,870
The total investment for Baldwin will be $210,636,533
Working capital will remain the same at $17,180,334
Total Assets will rise to $223,695,999
Baldwin will issue stock totaling $2,923,500
Total liabilities will be $121,939,163

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