What is mercury’s financial breakeven point

Reference no: EM131393773

Juniper Jams' balance sheet shows that its outstanding debt consists of $15,000 in 9 percent notes payable and $48,000 in 6 percent bonds. In addition, Mercury has $60,000 preferred stock that pays a 5 percent dividend. If its marginal tax rate is 40 percent, what is Mercury's financial breakeven point?

Reference no: EM131393773

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