財管題目算不出來.... - 企管

Taiwan Co. currently has EBIT of $25,000 and is all-equity financed.
EBIT is exoected to stay at this level indefinitely.
The firm pays corporate taxes equal to 35% of taxable income.
The discount rate for the firm's projects is 10%.

1. what is the market value of the firm?
2. Now assume the firm issues $50,000 of the debt paying interest
of 6% per year,using the proceeds to retire equity.
The debt is expected to be permanent.
What will happen to the total value of the firm(debt plus equity)?
3. Recompute your answer to (2) under the following assumptions.
The debt issue raises the probability of bankruptcy.
The firm has a 30% chance of going bankrupt after 3 years.
If it does go bankruptcy, it will incur bankruptcy costs of $200,000.
The discount rate is 10%. Should the firm issue the debt?

關於EBIT的財管題目....
算不出來.....麻煩板上高手幫忙解題摟~~^^"
感謝感謝啊.......^____________^

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※ 編輯: michaelia 來自: 140.136.134.10 (06/05 17:19)