Clanton Company is financed 75 percent by equity and 25 percent by debt. If the firm expects to earn $30 million in net income next year and retain 40% of it, how large can the capital budget be before common stock must be sold?
I wanted to apologize for not paying you on time and not providing you the feedback you deserve. You were prompt and I only got 1 question wrong. I emailed my instructor about the first question I got wrong and he did gave me the point. I have authorize payment and will like to know If you would be interested in helping me this coming Saturday. If not I understand. I have two more assignments where I am going to need help with. Please let me know how you feel.