B-257Chapter15:CapitalStructure:BasicConcepts15.1a.SinceAlphaCorporationisanall-equityfirm,itsvalueisequaltothemarketvalueofitsoutstandingshares.Alphahas5,000sharesofcommonstockoutstanding,worth$20pershare.Therefore,thevalueofAlphaCorporationis$100,000(=5,000shares*$20pershare).b.Modigliani-MillerPr...

时间:2024-11-15 01:27栏目:行业资料

B-162Chapter8:RiskAnalysis,RealOptions,andCapitalBudgeting8.1CalculatetheNPVoftheexpectedpayofffortheoptionofgoingdirectlytomarket.NPV(GoDirectly)=CSuccess(Prob.ofSuccess)+CFailure(Prob.ofFailure)=$20,000,000(0.50)+$5,000,000(0.50)=$12,500,000Theexpectedpayoffofgoingdirectlytomarketis$12,500,000.The...

时间:2024-11-15 01:27栏目:行业资料