Problem $25-8$ Security and Seniority

Proctor Power has fixed assets worth $$200$ million and net working capital worth $$100$ million. It is financed partly by equity and partly by three issues of debt. These consist of $$250$ million of First Mortgage Bonds secured only on the company$$s fixed assets, $$100$ million of senior debentures, and $$120$ million of subordinated debentures. $($The amounts of the three issues are par or face values.$)$ If the debt were due today, how much would each debtholder be entitled to receive?

Note: Leave no cells blank $-$ be certain to enter $"0"$ wherever required. Enter your answers in millions.Problem $25-8$ Security and Seniority

Proctor Power has fixed assets worth $$200$ million and net working capital worth $$100$ million. It is financed partly by equity and partly

by three issues of debt. These consist of $$250$ million of First Mortgage Bonds secured only on the company's fixed assets, $$100$

million of senior debentures, and $$120$ million of subordinated debentures. $($The amounts of the three issues are par or face values.$)$ If

the debt were due today, how much would each debtholder be entitled to receive?

Note: Leave no cells blank $-$ be certain to enter $"0"$ wherever required. Enter your answers in millions.