Neal enterprises has no debt its current total value is 72, Ask an Expert

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Neal Enterprises has no debt. Its current total value is $72 million. Assume the company sells $33 million in debt.

Requirement 1: Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2: Assume the company’s tax rate is 32 percent. What is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91784226

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