Question: Byrd Enterprises has no debt. Its current total value is $ 5 0 . 4 million. Assume debt proceeds are used to repurchase equity. a

Byrd Enterprises has no debt. Its current total value is $50.4 million. Assume debt proceeds are used to repurchase equity.
a. Ignoring taxes, what will the company"s value be if it sells $20.1 million In debt?
Note: Do not round Intermedlate calculations and enter your answer In dollars, not millions of dollars, rounded to the nearest whole number, e.g.,1,234,567.
b. Suppose now that the company's tax rate is 22 percent. What will its overall value be if it sells $201 million in debt?
Note: Do not round Intermedlate calculatlons and enter your answer In dollars, not millions of dollars, rounded to the nearest whole number, e.g.,1,234,567.
\table[[a. Value of the firm,$,70,500,000
 Byrd Enterprises has no debt. Its current total value is $50.4

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