Question: can i please have some help with this practice question i keep getting it wrong. thanks 0 Maynes Corporation is currently all equity financed and

can i please have some help with this practice question i keep getting it wrong. thanks

0 Maynes Corporation is currently all equity financed and has a value of $100 million. Investors currently require a return of 15.8 percent on common stock. Maynes has a marginal tax rate of 40 percent. Maynes plans to issue $25 million of debt with a return of 6.6 percent and use the proceeds to repurchase common stock. What will be the value of the firm after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. o Correct: response: 110million Using the correct answer from the previous question, what will be the value of the equity after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. N umber million

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