6. The firm is currently an all-equity firm with assets worth $120 million and 10 million shares outstanding. The firm plans to borrow $60 million and use these funds to repurchase shares. The firm's marginal corporate tax is 21%, and it plans to keep its outstanding debt equal to $60 million permanently. What is the lowest price per share the firm can offer and have shareholders tender their shares? A) $1.26 B) $7.26 C) $8.26 D) $12.0 E) $13.26

Stepwise pls and correct only The firm is an all-equity firm with assets worth $500 million and 100 million shares outstanding. It plans to raise $200 million and use these funds to repurchase shares. The firm’s marginal corporate tax is 21%, and it plans to keep its outstanding debt equal to $200 million permanently. What is the value of equity for the leveraged firm? Assuming no financial distress or bankruptcy cost. A) $542 million B) $458 million C) $342 million D) $300 million E) $158million

A1. Payout policy (Answer all parts of this question.) (a) , What is the main theorem of Modigliani and Miller regarding the payout policy of firms? Explain. 1 (b) List four assumptions that must hold for the Modigliani-Miller theorem to be valid. (c) Consider a company that has 100 million shares outstanding. The market value of the company is currently at GBP 5 billion. Last year, the company paid out an annual dividend of GBP 2 per share. This year, the company intends to double the dividend to shareholders, but since the company has not enough cash, the company intends to raise the additional money required to pay the dividend in rights issue. i. ( If the price of a new share offered is GBP 25, what is the fair value of a right to buy a new share? Hint: The company first pays the dividends, and then raises the capital. ii. ( ) Contrary to theory, however, as soon as the company announces the rights issue, the share price drops. Why? Think of a reason why this transaction, i.e.,…

6 Please show work in Excel format, thanks!

34.) You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 10% preferred, and 50% common equity.  The after-tax cost of debt is 6.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 12.75%.  The firm will not be issuing any new stock.  What is its WACC?Group of answer choices 8.75% 9.55% 9.26% 9.53% 8.98%

23) can i please get help?

ABC is an unlevered firm with EBIT of $12,257 per year forever. Its unlevered cost of equity is 11%. It plans to borrow $36,348 perpetual debt at 6% to buy back shares. If the corporate tax is 26%, what is the firm value after the recapitalization?