4 Problem 2-19 Market Value versus Book Value (LG2-2) 25 points Muffin's Masonry, Inc.'s, balance sheet lists net fixed assets as $28 million. The fixed assets could currently be sold for $47 million Muffin's current balance sheet shows current liabilities of $12.5 million and networking capital of $115 million. If all the current accounts were liquidated today, the company would receive $7.95 million cash after paying the $12.5 million in current liabilities. What is the book value of Muffin's Masonry's assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.) eBook BOOK VALUE MARKET VALUE (in millions of dollars) Print Current assets Fored assets Total Problem 2.21 Debt versus Equity Financing (LG2-1) You are considering a stock investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical EBITDA of $38.6 million and operating income of $235 million NoEquity, Inc., finances its $70 million in assets with $69 million in debt (on which it pays 10 percent interest annually) and $1 million in equity NoDebt, Inc., finances its $70 million in assets with no debt and $70 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assets-funders' investments--for the two firms. (Enter your dollar answers in millions of dollars. Round "Net income" answers to 3 decimal places and "Return on assets" answers to 2 decimal places.) Net Income Return on assets NoEquity million % NoDebt million %