Question: can you review the answer is wrong King Lyon has the following assets: During 4 months of the yeat, current assets drop to $1,050,000 (total
can you review the answer is wrong
King Lyon has the following assets: During 4 months of the yeat, current assets drop to $1,050,000 (total assets will then be $8,600,000 ). Its operating proflt (EBIT) is expected to be $487,500. Its tax rate is 30 percent Shates are valued at $20 its capital structure is short-term financing at 3 percen: and long-term finahing of 30 percent equity, 70 percent debt at 5 percent a. Calculate expected EPS if the firm is perfectly hedged. (Do not round intermediate calculations and round your final answer to 2 decimal places.) EPS 50
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