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Required: 2.5 million shares of common stock outstanding that sells for $17 per share. a. Based on LexMart's current annual NOP of $21,000,000 and its
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2.5 million shares of common stock outstanding that sells for $17 per share. a. Based on LexMart's current annual NOP of $21,000,000 and its corporate tax rate of 21%, what is its EPS? c. After the expansion, what level of annual NOP will LexMart have to generate to maintain its current level of EPS? a. LexMart's current EPS is $5.293. (Round to three decimal places.) b. The number of bonds LexMart will have to sell to pay for the expansion is bonds. (Round the the nearest whole number.) The number of stock shares LexMart will have to sell to pay for the expansion is 1882352 shares. (Round the the nearest whole number.) c. After the expansion, the level of annual NOP LexMart will have to generate to maintain its current level of EPS is $ (Round to the nearest whole number.)Step by Step Solution
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