Johnson and Johnson (Pty) Ltd is an international company with headquarters in New Brunswick, New Jersey, and is the world's most comprehensive and broadly based manufacturer of health care products. The business has expanded into third world countries starting with a branch in Johannesburg South Africa. The business has a capital structure of 10000000R1 ordinary shares, market price R2,50. Their preference shares are 100000010% R1 preference shares, market price R2. Reserves R5 000000 . They have a received a bank loan from Investec Bank of R10 000000 15%. Debentures 5000000 at par value 12, 5% market price R110 (issued at R100). In order to equalise the tax effect, the debenture and bank loan interest weighting is reduced by multiplying it by 1 minus the given corporate tax rate (27%). The current and expected future rate of ordinary share dividends is 15%. 1. Calculate the overall market value Click Save and Submit to save and submit. Click Save All Answers to save all answers