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The Metallica Heavy Metal Mining (MHMM) Corporation wants to diversify its operations. Some recent financial...

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Accounting

image The Metallica Heavy Metal Mining (MHMM) Corporation wants to diversify its operations. Some recent financial information for the company is shown here: MHMM is considering an investment that has the same PE ratio as the firm. The cost of the investment is $1,500,000, and it will be financed with a new equity issue. (Do not round intermediate calculations. Enter your ROE answer as a percent rounded to 2 decimal places, e.g., 32.16. Leave no cells blank - be certain to enter " 0 " wherever required.)

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