Question: Bird Enterprises has no debt. Its current total value is $47.2 million. Assume the company sells $18.5 million in debt. a. Ignoring taxes, what is

Bird Enterprises has no debt. Its current total value is $47.2 million. Assume the company sells $18.5 million in debt.

a. Ignoring taxes, what is the debt-equity ratio?

b. Assume the companys tax rate is 21 percent. What is the debt-equity ratio

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