Sunshine Candy Company's capital structure for the past year of operation is shown below.
| First mortgage bonds at 12% | $2,000,000 |
| Debentures at 15% | 1,500,000 |
| Common stock (1,000,000 shares) | 5,000,000 |
The federal tax rate is 50 percent. Sunshine Candy Company, home-based in Orlando, wants to raise an additional $1,000,000 to open new facilities in Tampa and Miami. The firm can accomplish this via two alternatives: (1) It can sell a new issue of 20-year debentures with 16 percent interest; or (2) 20,000 new shares of common stock can be sold to the public to net the candy company $50 per share. A recent study, performed by an outside consulting organization, projected Sunshine Candy Company's long-term EBIT level at approximately $6,800,000. Find the indifference level of EBIT (with regard to earnings per share) between the suggested financing plans.
Prokaryotic cell structure
Diversity within the family structure.
Identify the structures shown below by filling in the blanks.
The structure of the Sun
The RecA strand exchange reaction as shown from single-molecule studies
Age structure