Luxury Resorts Corp. is an unlevered firm with expected annual earnings before taxes of $157.31 million next year. After that, EBIT will increase by 3.12% every year forever. The current required rate of return on the firm's equity is 11.59% and the firm distributes all its earnings as dividends at the end of each year. There are 25 million common shares outstanding and the firm's tax rate is 21%. The firm is planning a recapitalization under which it will issue $175.5 million perpetual 6.75% debt and use the proceeds to buy back shares. What is the new number of shares after the stock repurchase? Group of answer choices

1. gar principles or "the principles"are intended to do what?

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.