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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 plant

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 yesterdays stock price ($35.51) and leverage changes to 2.8. Which of the following statements are true? Select all that apply.
Select: 3
Total liabilities will be $149,074,753
The total investment for Chester will be $26,823,736
Working capital will remain the same at $11,730,166
Total assets will rise to $232,845,963
Chester will issue stock totaling $2,663,250

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