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Proctor Power has fixed assets worth $ 2 1 5 million and net working capital worth $ 1 1 5 million. It is financed partly
Proctor Power has fixed assets worth $ million and net working capital worth $ million. It is financed partly by equity and partly by three issues of debt. These consist of $ million of First Mortgage Bonds secured only on the companys fixed assets, $ million of senior debentures, and $ million of subordinated debentures. The amounts of the three issues are par or face values. If the debt were due today, how much would each debtholder be entitled to receive?
Note: Leave no cells blank be certain to enter wherever required. Enter your answers in millions.Proctor Power has fixed assets worth $ million and net working capital worth $ million. It is financed partly by equity and partly
by three issues of debt. These consist of $ million of First Mortgage Bonds secured only on the company's fixed assets, $
million of senior debentures, and $ million of subordinated debentures. The amounts of the three issues are par or face values. If
the debt were due today, how much would each debtholder be entitled to receive?
Note: Leave no cells blank be certain to enter wherever required. Enter your answers in millions.
Answer is complete but not entirely correct.
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