If a user clicks on a graph in Microsoft Excel, it will show a special tab called Chart Tools that can be used to customize the graph

The General Partnership Act (GPA) is a model act that codifies sole proprietorship law

Indicate whether the statement is true or false

Balon Plastics, Inc is financed entirely with 3 million shares of common stock selling for $20 a share. Capital of

$4 million is needed for this year's capital budget. Additional funds can be raised with new stock (ignore dilution) or with 13 percent 10-year bonds. The firm's tax rate is 40 percent. a. Calculate the financing plan's EBIT indifference point. b. The expected level of EBIT is $10,320,000 with a standard deviation of $2,000,000. What is the probability that EBIT will be above the indifference point? c. Does the "indifference point" calculated in question (a) above truly represent a point where stockholders are indifferent between stock and debt financing? Explain your answer.