Your friend has a one-year project that will bring in either 524,333 (0.35 probability) or 1,290,194 (0.65 probability) at the end of the year. The project requires an outplay 0J $ 750,000 to start. How much equity can your friend reuse to finance the project if potential Shareholders wouldhana 12% return

Answer rating: 100% (QA)

To calculate how much equity your friend can reuse to finance the project we need to determine the n... View the full answer