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Top Corp. is considering a restructuring. Currently, it is all-equity financed with 6,000,000 ordinary shares outstanding traded at $52 per share on the market.
Top Corp. is considering a restructuring. Currently, it is all-equity financed with 6,000,000 ordinary shares outstanding traded at $52 per share on the market. It is planning to borrow $7,000,000 at an annual interest rate of 11% to buy back some of its shares. Top has a tax rate of 35% a. The leverage-indifference EBIT is $ Number Round your answer to the dollar b. The leverage-indifference EPS is $ Number Round your answer to the cent
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
