Indifferent between buying or not buying the jet

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The CEO of a company with $44 million in equity and $66 million in debt is considering the purchase of a company jet that will impose a net cost on shareholders of $10 million, but which the CEO personally values at $500,000. How much stock (in dollars) would the CEO need to hold to be indifferent between buying or not buying the jet?

Reference no: EM13951003

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