Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total invested capital ratio was. inances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your interme O a. $5,013,938 O b. $4,571,531 O c. $4,768,156 O d. $5,358,031

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm
finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations.
a. $5,013,938
b. $4,571,531
c. $4,768,156
d. $5,358,031
e. $4,915,625
Transcribed Image Text:Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations. a. $5,013,938 b. $4,571,531 c. $4,768,156 d. $5,358,031 e. $4,915,625
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