T.S. company has a capital structure consisting of 40% debt and 60% common equity. Assuming the capital structure is optimal, what amount of total investment can be financed by a $54 million addition to retained earnings without selling new stock?
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T.S. company has a capital structure consisting of 40% debt and 60% common equity. Assuming the capital structure is optimal, what amount of total investment can be financed by a $54 million addition to retained earnings without selling new stock?
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