Question: Byrd Enterprises has no debt. Its current total value is $49.2 million. Assume the company sells $19.5 million in debt. a. Ignoring taxes, what

Byrd Enterprises has no debt. Its current total value is $49.2 million.

Byrd Enterprises has no debt. Its current total value is $49.2 million. Assume the company sells $19.5 million in debt. a. Ignoring taxes, what is the debt-equity ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. Assume the company's tax rate is 21 percent. What is the debt-equity ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Debt-equity ratio b. Debt-equity ratio 65.66 57.70

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