Sony has 12 core segments in its business. is this too many or not enough? are today’s companies diversified like they used to be a few decades ago? can sony’s 12-segment business model be sustainable? the future lab program, which is a part of sony’s investment in r& d, embraces an approach to technological r& d that emphasizes an open creative environment and direct lines of communication with society, with the end goal being to co-create new lifestyles and customer value. does sony create significant customer value? does sony create new lifestyles?

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805