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please help with 23 McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.99 per share. The firm's debt
please help with 23
McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.99 per share. The firm's debt is publicly traded and was recently quoted at 90.00% of face value. It has a total face value of $13.00mililion, and it is currently priced to yield 10.00\%. The risk free rate is 2.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.30. The corporate tax rate is 35.00%. The firm is considering a \$45.24 miltion exparsion of their production facility. The project has the same risk as the firm overail and will earn $11.00 mililon per year for 6.00 yoare. What is the NPV of the expansion? (answer in terms of millions, s0 1,000,000 would be 1.0000 ) Answer format: Currency: Round to: 4 decimal places Step by Step Solution
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