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NOT A OR B Southwest Sands currently has 22,000 shares of stock outstanding. It is considering issuing $128,000 of debt at an interest rate of
NOT A OR B
Southwest Sands currently has 22,000 shares of stock outstanding. It is considering issuing $128,000 of debt at an interest rate of 7.5 percent. The break-even level of EBIT between these two capital structure options is $74,000. How many shares of stock will be repurchased if the company undergoes the recapitalization? Ignore taxes. O 2,446.33 shares O 2,242.47 shares O 3.091.89 shares 2,854.05 shares 2,711.35 sharesStep by Step Solution
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