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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 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday's stock price ($32.43) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Save Answer The total investment for Chester will be $203,009,590 Total liabilities will be $118,793,318 will issue stock totaling $2,432,250 Chester w Working capital will remain the same at $15,976,916 Total Assets will rise to $214,249,784 Equity will be $81,784,022
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