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PLEASE SHOW ALL EXCEL WORK Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debtequity ratio of .45. It's considering

PLEASE SHOW ALL EXCEL WORK

Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debtequity ratio of .45. It's considering building a new $37 million manufacturing facility. This new plant is expected to generate after-tax cash flows of $5.1 million in perpetuity. There are three financing options: 1. A new issue of common stock: The required return on the company's new equity is 15 percent. 2. A new issue of 20-year bonds: If the company issues these new bonds at an annual coupon rate of 7 percent, they will sell at par. What is the NPV and IRR and MIRR the of the new plant? Assume that the company has a 35% tax rate

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