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the best! D Question 23 1 pts Neptune Corporation has a present capital structure consisting of common stock (10 million shares) and debt ($150 million,

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the best! D Question 23 1 pts Neptune Corporation has a present capital structure consisting of common stock (10 million shares) and debt ($150 million, 10% coupon rate). The company needs to raise $40 million and is undecided between two financing plans. Plan A Equity financing. Under this plan, an additional amount of common stock will be sold at $20 per share. Plan B: Debt financing. Under this plan, the firm will issue 10% coupon bonds. At what level of operating income (EBIT) will the firm be indifferent between the two plans? Assume a 21% marginal tax rate. O $6.75 million O $40 million O 39 million O $33.9 million O $30.75 million

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