Question: please be correct.and show work i upvote Analysis Petit Printing Company has a total market value of $100 million, consisting of 1 million shares selling

please be correct.and show work i upvote
please be correct.and show work i upvote Analysis Petit Printing Company has

Analysis Petit Printing Company has a total market value of $100 million, consisting of 1 million shares selling for $50 per share and 550 million of 10% perpetual bonds now seting at par The company's EBIT is $14.43 milion, and its tax rate is 40%. Pettit can change its capital structure by either increasing its debt to 70% (based on market values) or decreasing it to 30% decides to increase its use of leverage, it must call its old bonds and issue new ones with a 12 coupon. If it decides to decrease its leverage, it will call its old bonds and replace them with new 7% coupon bonds. The company will set or repurchase stock at the new equilibrium price to complete the capital structure change The firm pays out all earnings as dividenda; hence, its stock is a zero growth stock. Its current cost of equity, Paris 14%. In increases teverage, rs will be 16%. Till decremes everage, wit be 139 Present situation (50% debt) What is the WACC) Do not round intermediate calculations. Round your answer to three decimal places What is the total corporate value? Enter your answers in millons. For example, an answer of $10,550,000 should be entered as 10.55. Do not round Intermediate culation, Round your answer to three decimal places, $ million 70% debt: What is the firm's WACC) Do not round intermediate calculations. Round your answer to two decimal places What is the total corporate value? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not found intermediate calculations, Round your answer to three decimal places million 30% debt: What is the firm's WACC) Do not round intermediate calculations. Round your answer to two decimal places What is the total corporate valve? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round Intermediate calculations. Round your answer to three decimal places million

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