qyestion 1

Taunton's is an all-equity firm that has 160,000 shares of stock outstanding. The CFO is considering borrowing $341,000 at 7 percent interest to repurchase 29,000 shares. Ignoring taxes, what is the value of the firm? Multiple Choice $2,150,148 $2,315,544 $1,970,969 $2,431,321 $2,150,148 $2,315,544 $1,970,969 $2,431,321 $1,881,379