Fletcher Corporation is debating whether to convert its all-equity capital structure to one that is 2% debt. Currently, there are 1,933 shares outstanding selling at $69 per share. EBIT is expected to remain at $14,204 per year forever. The interest rate on new debt is 6%, and there are no taxes. You currently hold 100 shares of Fletcher. What is your annual cash flow under the current (i. e., all-equity) capital structure? Assume that Fletcher has a 100% dividend payout ratio.

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast