It is January 2nd and senior management of Baldwin meets to determine their investment plan...
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Accounting
It is January 2nd and senior management of Baldwin meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds. Assume the bonds are issued at face value and leverage changes to 2.7. Which of the following statements are true?
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The total investment for Baldwin will be $205,230,457 Total liabilities will be $133,840,418 Baldwins long-term debt will rise by $9,000,000 Working capital will remain the same at $16,369,692 Total Assets will rise to $219,753,104
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