Question: please show work neatly. preferably not on excel 7. Right Choice Investments LLC currently has 1,200,000 shares outstanding with a price of $2.19 per share.

please show work neatly. preferably not on excel 7. Right Choice

please show work neatly. preferably not on excel

7. Right Choice Investments LLC currently has 1,200,000 shares outstanding with a price of $2.19 per share. The company is considering raising debt capital to retire 20% of the shares outstanding at an annual interest rate of 9%. Is this a good idea if the company's expected EBIT is $205,478 ? [6 points]

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