Feedback
Rating: 1 star
Date: 11/10/2020
Feedback Given By:
jkolber13 Feedback Comment: Accepted the amount and said they would complete it in time, then changed their mind and didn't do the assignment. Would not recommend.
Project Details
Project Status: completed
This work has been completed by:
tutorforyou Total payment made for this project was: $ 15.00
Project Summary: Macy's mgt is thinking about issuing $960 million of 10 year 5% debt to repurchase 30 million shares ($32/sh).
Next year EBIT is expected to be $1.6 billion. Tax rate = 25%. Debt and interest expense will stay the same if no new debt is issued.
Perform the FRICTO analysis and solve for the crossover point.
F/S are posted.
