write my assignment 1106
It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($40.88) and leverage changes to 2.7. Which of the following statements are true? Select all that apply.Select: 3
Total liabilities will be $148,898,423
The total investment for Chester will be $24,443,006
Total assets will rise to $234,836,105
Working capital will remain the same at $15,498,781
Chester will issue stock totaling $3,066,000