The market value of a leveraged firm is equal to the market value of an unleveraged firm: a. minus the present value of tax shields minus the present value of financial distress costs minus the present value of agency costs. b. plus the present value of tax shields minus the present value of financial distress costs minus the present value of agency costs. c. plus the present value of tax shields plus the present value of financial distress costs plus the present value of agency costs. d. plus the present value of tax shields minus the present value of financial distress costs plus the present value of agency costs.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

What tax is paid by the most people in the united states