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Business, 20.06.2020 01:57 ghari112345

Northwestern Lumber Products currently has 20,000 shares of stock outstanding. Patricia, the financial manager, is considering issuing $150,000 of debt at an interest rate of 7.1 percent. Given this, how many shares of stock will be outstanding once the debt is issued if the break-even level of EBIT between these two capital structure options is $70,000

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