It is January 2nd and senior management of Digby meets to determine their investment plan...
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Accounting
It is January 2nd and senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds. Assume the bonds are issued at face value and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Save Answer Digby's long-term debt will rise by $10,000,000 The total investment for Digby will be $17,801,616 Total liabilities will be $133,256,830 Working capital will remain the same at $16,286,744 Total Assets will rise to $216,232,384
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