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Business, 19.02.2021 01:00 Pmedellin27

Wayne, Inc., wishes to expand its facilities. The company currently has 6 million shares outstanding and no debt. The stock sells for $64 per share, but the book value per share is $19. Net income is currently $11.5 million. The new facility will cost $30 million, and it will increase net income by $675,000. Assume a constant price-earnings ratio. a-1. Calculate the new book value per share.

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Wayne, Inc., wishes to expand its facilities. The company currently has 6 million shares outstanding...
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