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QUESTION

It is January 2nd and senior management of Chester meets to determine their investment plan for the year.

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

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