Nichols Corporation's value of operations is equal to $400 million after a recapitalization (the firm had no debt before

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answerhappygod
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Nichols Corporation's value of operations is equal to $400 million after a recapitalization (the firm had no debt before

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Nichols Corporation's value of operations is equal to $400million after a recapitalization (the firm had no debt before therecap). It raised $200 million in new debt and used this to buyback stock. Nichols had no short-term investments before or afterthe recap. After the recap, wd = 50%. What is S(the value of equity after the recap)? Enter your answers inmillions. For example, an answer of $10,550,000 should be enteredas 10.55. Round your answer to the nearest whole number.
$ million
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