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The Elkmont Corporation needs to raise $52.8 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $44 per share and the company’s underwriters charge a spread of 7 percent. The SEC filing fee and associated administrative expenses of the offering are $1,468,000. (Enter your answer as directed, but do not round intermediate calculations.) Required: How many shares need to be sold? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).)
Number of shares offered ___________
What are the Cost Savings when a company outsources? Finance and Accounting Investment and Asset Management Human Resources Procurement Logistics Real estate management Miscellaneous (energy services, customer service, mailroom, food processing) Prep..
Terrence has an investment that will pay $250 to him next year and increase that amount by 1.25 percent annually. The payments are expected to go on indefinitely and the discount rate is 6.5 percent, compounded annually. What is the value of this inv..
To finance some manufacturing tools it needs for the next 4 years, Waldrop Corporation is considering a leasing arrangement. Waldrop Corporation has no use for the machine beyond the expiration of the lease, and the machine has an estimated residual ..
Which of the following are inventory accounts for a manufacturer?
The Classic Car co. has a before-tax cost of debt capital of 9%, a cost of preferred stock of 10%, a cost of equity capital of 14%, and a marginal tax rate of 40%. The market values of its debt, preferred stock and common stock are $40 million, $20 m..
A firm's goal is to maintain a 75% debt-equity ratio. How much equity would be required if the results of a financial planning model indicate that the firm's assets will grow to $4 million?
A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should the agency put aside each quarter to make the purchase using an interest rate of 20% per year, compounded quarterly?
Warren Buffet has been earning an annual rate of return of 20.5% since he started his investing company. Assume that Londo Mollari put a lump-sum $25,000 under Warren Buffet’s management since 1970, how much money would he have by Year 2010?
Marie Smith is the head of Marketing for Jones Construction. Harry Brown is the on-site project manager for all major construction projects. Marie is interested in expanding the budget for general marketing activities. Harry wants these resources ..
Assume that you are considering the purchase of a 11-year, no callable bond with an annual coupon rate of 8.60%. The bond has a face value of $1000, and it makes semi-annual interest payments. If you require an 11.70% yield to maturity on this invest..
Today is your retirement day (consider that day to be t=0). Your current life retirement savings have the (present) value of $2,000,000. Your retirement savings will be invested in an account earning r=6% per year for (at least) the next 30 years. St..
You are using the FCFF approach to value a business. You have estimated that the FCFF for next year will be $140.00 million and that it will increase at a rate of 6 percent for each of the following four years. After that point, the FCFF will increas..
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