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River Cruises is all - equity - financed. Suppose it now issues $ 2 5 0 , 0 0 0 of debt at an interest
River Cruises is allequityfinanced.
Suppose it now issues $ of debt at an interest rate of and uses the proceeds to repurchase shares. Assume that
the firm pays no taxes and that debt finance has no impact on firm value. Refer to the above table to compute the missing data.
Note: Do not round Intermedlate colculatlons. Round "EarnIngs per share" to declmal places. Enter "Return on shores" as o
percent rounded to declmal places.
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