The Montana Hills Co. has expected earnings before interest and taxes of $17,100, an unlevered cost of capital of 12.4 percent, and debt with both a book and face value of $25,000. The debt has an annual 6.2 percent coupon. If the tax rate is 21 percent, what is the value of the firm?
A) $91,016
B) $137,903
C) $114,194
D) $106,667
E) $146,403
C) $114,194
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A company had average total assets of $2,560,000, total cash flows of $1,860,000, cash flows from operations of $340,000, and cash flows from financing of $1,020,000. The cash flow on total assets ratio equals:
A. 13.28%. B. 39.80%. C. 12.58%. D. 72.66%. E. 23.86%.
Flowcharts are used in both manufacturing and service consulting to track which of the following?
A. Income trends B. Information C. Cash flow D. Historical milestones E. Ideas
When reviewing a scholarly article, you should evaluate all of the following EXCEPT
a. its strengths. b. its weaknesses. c. its significance. d. its aesthetics.
Corporate, partnership, individual income tax, and ________ tax returns must be filed on time with the U.S. Internal Revenue Service.
A. state B. local - city or county C. self-employment D. township