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Yolo Corporation plans to issue equity to raise $50 million to finance a new investment. After making the investment, Yolo expects to earn free cash
Yolo Corporation plans to issue equity to raise $50 million to finance a new investment. After making the investment, Yolo expects to earn free cash flows of $10 million each and the only capital market imperfections are corporate taxes and financial distress costs. The NPV of Yolo's investment is \$ million. State your answer with just numbers (i.e. no dollar sign) and round it to the nearest million. Assuming before Yolo announced the plan, the share price of Yolo is $25. Yolo's share price immediately after announcing the plan $ State your answer with just numbers (i.e. no dollar sign) and round it to the nearest dollar
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