Kline construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $879,000. the current cost of equity is 18.3 percent and the tax rate is 34 percent. the company is in the process of issuing $6.2 million of 8.5 percent annual coupon bonds at par. what is the levered value of the firm

1.     regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c   incorrect

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?