Question: Byrd Enterprises has no debt. Its current total value is $49.6m ilion. Assume debt proceeds are used to repurchase equity. 0. Ignoring taxes, what wili
Byrd Enterprises has no debt. Its current total value is $49.6m ilion. Assume debt proceeds are used to repurchase equity. 0. Ignoring taxes, what wili the company's value be ir it sells $197 million in debt? Note: Do not round Intermedlate caleulations and enter your answer in dollors, not millons of dollors, rounded to the nearest whole number, e. .4,2,234,367. b. Suppose now that the company's tax rate is 23 percent. What will its overal value beli it sells $197 milion in debe? Note: Do not round Intermedlate calculations and enter your onswer in dollars, not millions of dollars, rounded to the neorest whole number, e.g., 1,234,367
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