Los Angeles is the most expensive area for radio artists' fees

A pulsating budget plan of advertising for a perfume would have ads just during specific times of the year, with none during the remainder of the year

Indicate whether the statement is true or false

A firm has a projected EBIT of $20,000 for a new project. The funds needed for the project are $40,000. The firm can finance the project completely with debt at a pre-tax interest cost of 10%

Alternatively, the firm could finance the project with equity by selling stock at $5 per share. If there are 500,000 shares outstanding and the firm's tax rate is 40%, what is the EBIT-EPS indifference point? A) $254,000 B) $504,000 C) $40,000 D) $20,000 E) $500,000