BD_DC15 - Solutions to Ch. 15 Data Case 1 Average Tax Rate...

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Solutions to Ch. 15 Data Case 1 Average Tax Rate 37.15% New Debt 1,000,000,000 5 New Debt 5,000,000,000 2 PV Tax Shield 371,505,190 PV Tax Shield 3 Market Value of Equity Market Value of Equity # shares 2,040,871,000 # shares 2,040,871,000 St. Price 38.61 78,798,029,310 St. Price 38.61 3b New Mkt Value of Equity 79,169,534,500 before repurch New Mkt Value of Equity 78,169,534,500 after repurch # Shares Repurchased 25,778,489 # Shares Repurchased 3c New Share Price $38.79 New Share Price Shares Outstanding 2,015,092,511 Shares Outstanding 4 Book Debt/Equity 0.1963 Book Debt/Equity Market Debt/Equity 0.0651 Market Debt/Equity
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1,857,525,952 78,798,029,310 80,655,555,262 before repurch 75,655,555,262 after repurch 126,517,696 $39.52 1,914,353,304 0.4147 0.1201
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Income Statements Period Ending: 1/29/2006 1/30/2005 2/1/2004 2/2/2003 Total Revenue $81,511,000 $73,094,000 $64,816,000 $58,247,000 Cost of Revenue $54,191,000 $48,664,000 $44,236,000 $40,139,000 Gross Profit $27,320,000 $24,430,000 $20,580,000 $18,108,000
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This note was uploaded on 12/28/2009 for the course FEWEB CORPFIN taught by Professor Dorsman during the Spring '09 term at Vrije Universiteit Amsterdam.

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BD_DC15 - Solutions to Ch. 15 Data Case 1 Average Tax Rate...

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