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please answer all of them even if they have an answer!!! i have posted this question 3 times and everyones been wrong or putting cell
please answer all of them even if they have an answer!!! i have posted this question 3 times and everyones been wrong or putting cell #s. please just put the answer.
Carison Co. and Baker Corp. are identical in every respect except that Carlson is unlevered and Baker has $6.9milli ion of 5% bonds outstanding. Assume all of the following: 1. All of Modigilani and Miller's assumptions are met. 2. Both firms are subject to a 40% corporate tax rate. 3. EeIt is $4.0 million for both firms. 4. Investors in both firms face a tax rate ( Td) of 32% on debt income and a tax rate (Tk) of 12% on stock income. 5. The rate of return before personal taxes (r,t) is 14%. Use Miller's model to fill in the table for Carison Co. and Baker Corp Step by Step Solution
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