14 1.25 points Lemansky Enterprises is considering a change from its current capital structure, The company currently has an all-equity capital structure and is considering a capital structure with 30 percent debt, There are currently 8,320 shares outstanding at a price per share of $50. EBIT is expected to remain constant at $57.720. The interest rate on new debt is 5 percent and there are no taxes. :1. Rebecca owns $16,000 worth of stock in the company. lfthe firm has a 100 percent payout, what is her cash ow? Note: Do not round intermediate calculations and round your answer to 2 decimal places. 32.16. b. What would her cash flow be under the new capital structure assuming that she keeps all of her shares? Note: Do not round intermediate calculations and round your answer to 2 decimal places, 32.16. c. Suppose the company does convert to the new capital structure, Show how Rebecca can maintain her current cash flow, Note: Do not round intermediate calculations and round your answer to the nearest whole number, 32. a. Shareholder cash ow b. Shareholder cash ow References c. Number of shares stockholder should sell 8 1.25 points References Ariana, Incorporated, is considering a project that will result in initial attertax cash savings of $6.3 million at the end ofthe rst year, and these sayings will grow at a rate of 3 percent per year, indefinitely. The firm has a target debt-equity ratio of .62. a cost of eqUIty of 13.2 percent and an aftertax cost of debt of 5.7 percent. The cost-saving proposal is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and applies an adjustment factor of +2 percent to the cost of capital for such risky projects. a. Calculate the required return for the project, Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.g.. 32.16. b. What is the maximum cost the company would be willing to pay for this project? Note: Do not round intermediate calculations and round your answer to 2 decimal places. e.g.. 32.16. a. Proje cl req red return % b. Maximum to pay