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please help with 23 McGann Catching, Ine, has 2,00 million shares of stock outstanding. The stock currently sells for $12.64 per share. The fim's debt
please help with 23
McGann Catching, Ine, has 2,00 million shares of stock outstanding. The stock currently sells for $12.64 per share. The fim's debt is publicly traded and was recently quoted at 92.00% of face value. It has a total face value of $20.00million. and it is currently priced to yield 8.00%. The risk free rate is 4.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1:05, The corporate tax rate is 37.00%. The firm is considering a $40.18 million expansion of their production facility. The project has the same risk as the firm overall and will eam $11.00 million per year for 6.00 years. What is the NPV of the expaniion? (answer in terms of millions, so 1,000,000 would be 1.0000 ) Answer format: Currency: Round to: 4 decimal places Step by Step Solution
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