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Niccky Corporation value of operation is equal to $600 million after a recapitalization (the firm had no debt before the recap). It raised $350 million
Niccky Corporation value of operation is equal to $600 million after a recapitalization (the firm had no debt before the recap). It raised $350 million in new debt and used this to buy back stock. Niccky had no short-term investments before or after recap. After the recap, wd = 45%. What is the S (the value of equity after the recap)? O $300.00 million O $270.00 million O $600.00 million O $330.00 million O $522.50 million
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