Pendergast inc has no debt outstanding and a total market, Finance Basics

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Pendergast inc has no debt outstanding and a total market

Question: Pendergast inc. has no debt outstanding and a total market value of $180,000. Earnings before interest and taxes, EBIT are projected to be 23,000. Pendergast is considering a $75,000 debt issue with a 7 percent interest rate. The proceeds will be used to repurchase shares of stock. There are currently 6,000 shares outstanding. What is the EPS before any debt is issued and the EPS after the debt is issued?

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Finance Basics: Pendergast inc has no debt outstanding and a total market

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Finance Basics: Pendergast inc has no debt outstanding and a total market

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