The John Henry Company has $600 million...

The John Henry Company has $608 million in total assets at the end of 1986. It plans to increase fixed assets during 1987 by $150 million. Bond financing can be arranged to sell at par value with a 12% coupon. Preferred stock financing is available at 188 interest and will sell at a par value of $188. Common stock is currently selling at $50 per share, and new common stock can be sold to net $45 after floation costs. The company has $35 million available in retained earnings. over the past several years the Company's dividend yield has been 9% and the firms growth rate has been 8%. The tax rate is 40%. The capital structure is as follows: Debt (16% (11% bonds) bonds) s130,r 148.000,00 $270,090,000 300,000,90 $600,800,980 Retained Earnings ce42 082eaaa 5. What is the last thing you must do before you turn this quiz into the instructors? The John Henry Company has $608 million in total assets at the end of 1986. It plans to increase fixed assets during 1987 by $150 million. Bond financing can be arranged to sell at par value with a 12% coupon. Preferred stock financing is available at 188 interest and will sell at a par value of $188. Common stock is currently selling at $50 per share, and new common stock can be sold to net $45 after floation costs. The company has $35 million available in retained earnings. over the past several years the Company's dividend yield has been 9% and the firms growth rate has been 8%. The tax rate is 40%. The capital structure is as follows: Debt (16% (11% bonds) bonds) s130,r 148.000,00 $270,090,000 300,000,90 $600,800,980 Retained Earnings ce42 082eaaa 5. What is the last thing you must do before you turn this quiz into the instructors