Question
Teardrop, Inc., wishes to expand its facilities. The company currently has 8 million shares outstanding and no debt. The stock sells for $31 per share,
| Teardrop, Inc., wishes to expand its facilities. The company currently has 8 million shares outstanding and no debt. The stock sells for $31 per share, but the book value per share is $12. Net income is currently $4.8 million. The new facility will cost $45 million, and it will increase net income by $820,000. Assume a constant price |
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
