Northwestern Lumber Products currently has 17,500 shares of stock outstanding. Patricia, the financial manager, is considering issuing $135,000 of debt at an interest rate of 6.6 percent. Given this, how many shares of stock will be outstanding once the debt is issued if the break-even level of EBIT between these two capital structure options is $65,000?
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Home » Business » Northwestern Lumber Products currently has 17,500 shares of stock outstanding. Patricia, the financial manager, is considering issuing $135,000 of debt at an interest rate of 6.6 percent.