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Running Gear has bonds outstanding with a face value of $280.000 thaite song at par. It also las 22.600 chies of stock outstarting that are

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Running Gear has bonds outstanding with a face value of $280.000 thaite song at par. It also las 22.600 chies of stock outstarting that are selling per share. The all equity value of the timis 5764,000. The tax rate is 21 percent. What is the value of the financial distress costs? Assume there are no other com on the litm. Multito Choco 1216.550 $484.000 SH22800 S600250

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