For example, after assembly of 16 units, the rate of assembly is 600 labor-hours per unit, and after assembly of 25 units, the rate of assembly is 480 labor-hours per unit. The more units assembled, the more efficient the process. If 19,200 labor-hours are required to assemble of the first 16 units, how many labor-hours L1x2 will be required to assemble the first x units

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