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The following information pertains to the Micron Semiconductor (MS) in 2020. *Need an Excel spreadsheet for calculation? --> MS Excel Earnings (net income) = $600M.

The following information pertains to the Micron Semiconductor (MS) in 2020. *Need an Excel spreadsheet for calculation? --> MS Excel Earnings (net income) = $600M. Dividends $120M. Interest expense = $400M. Tax rate = 40%. Depreciation = $500M. Capital spending = $800M. Total assets = $10B (book value and market value). Debt = $4B (book value and market value). Equity $6B (book value and market value). = The firm's working capital needs are negligible, and they plan to continue to operate at their current capital structure

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