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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...
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 $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? Select all that apply.
Select: 3
Total liabilities will be $139,786,639
The total investment for Chester will be $216,169,213
Working capital will remain the same at $18,209,633
Chester's long-term debt will rise by $9,000,000
Total Assets will rise to $233,232,952
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