Rubio recently invested $17,600 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. his at-risk amount is $11,000. in addition, rubio’s share of the limited partnership loss for the year is $21,800, his share of income from a different limited partnership is $6,000, and he has $41,400 in wage income and $13,700 in long-term capital gains. (input the amount as positive value.) how much of rubio's $21,800 loss is allowed considering only the tax-basis loss limitations?

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