Pet Food Inc. has $680,000 in assets. It can expect to earn a return of 16% on its assets with a low level of current assets, and 9% with a high level of current assets (both returns before before taxes). If the firm uses short-term debt to finance its assets, the cost is 4%vs.7% for long-term debt. The tax rate is 21% and the company has 100,000 shares outstanding. Part 1 Attempt 3/20 for 10 pts. What is the expected rate of return after financing costs if the company uses a high level of current assets financed by long-term debt (most conservative policy)? Attempt 1/20 for 10 pts. What is the expected rate of return after financing costs if the company uses a low level of current assets financed by short-term debt (most aggressive policy)? Correct What are earnings per share under the most conservative policy? Attempt 5/20 for 10 pts. Part 3 Part 4 Attempt 2/20 for 10 pts. What are earnings per share under the most aggressive policy? Pet Food Inc. has $680,000 in assets. It can expect to earn a return of 16% on its assets with a low level of current assets, and 9% with a high level of current assets (both returns before before taxes). If the firm uses short-term debt to finance its assets, the cost is 4%vs.7% for long-term debt. The tax rate is 21% and the company has 100,000 shares outstanding. Part 1 Attempt 3/20 for 10 pts. What is the expected rate of return after financing costs if the company uses a high level of current assets financed by long-term debt (most conservative policy)? Attempt 1/20 for 10 pts. What is the expected rate of return after financing costs if the company uses a low level of current assets financed by short-term debt (most aggressive policy)? Correct What are earnings per share under the most conservative policy? Attempt 5/20 for 10 pts. Part 3 Part 4 Attempt 2/20 for 10 pts. What are earnings per share under the most aggressive policy