Question: Dollar General (DG) is choosing between financing itself with only equity or with debt and equity. Regardless of how it finances itself, the EBIT for

Dollar General (DG) is choosing between financing itself with only equity or with debt and equity. Regardless of how it finances itself, the EBIT for DG will be $609 million. If DG does use debt, the interest expense will be $75 million. If DG 's corporate tax rate is 0.29 , how much will DG pay (in millions) in total to ALL investors if it uses both debt and equity? Instruction: Type ONLY your numerical answer in the unit of millions, NO \$ sign, NO comma, and round to two decimal places. E.g., if your answer is $7,001.56 million, type ONLY the number 7001.56, NEITHER 7,001.6, \$7001.6, \$7,001.6, NOR 7002. Otherwise, Blackboard will treat it as a wrong
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
