You are the manager of a retail store, and you have been tasked with finding the return rate on a certain brand of laptop computers. you have assembled the data on the number of computers sold and the number returned over the past six months in the table below. month oct nov dec jan feb mar sold 1,621 1,752 1,848 1,634 1,725 1,780 returned 223 415 421 560 330 304 using the table as experimental data, if your store has 379 laptops returned in april, how many laptops are likely to have been sold in april? a. 1,578 b. 1,740 c. 1,743 d. 2,219

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805