Question: Bird Enterprises has no debt. Its current total value is $47.6 million. Assume the company sells $18.7 millionin debt. a. Ignoring taxes, what is the

Bird Enterprises has no debt. Its current total value is $47.6 million. Assume the company sells $18.7 millionin debt.

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

b.Assume the company's tax rate is 23 percent. What is the debt-equity ratio?

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