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It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a
It is January 2nd and senior management of Chester 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 2.8. Which of the following statements are true? Select all that apply. Select: 3 Save Answer The total investment for Chester will be $18,649,195 Total liabilities will be $130,210,577 Chester's long-term debt will rise by $10,000,000 Working capital will remain the same at $11,732,722 Total Assets will rise to $207,354,805
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