WORK MUST BE COMPLETED IN EXCEL AND I MUST BE ABLE TO SEE HOW YOU GOT TO YOUR ANSWER (SHOW WORK) TRANE Corporation plans to raise $4million to pay…

WORK MUST BE COMPLETED IN EXCEL AND I MUST BE ABLE TO SEE HOW YOU GOT TO YOUR ANSWER (SHOW WORK)

TRANE Corporation plans to raise $4million to pay off its existing short-term bank loan of $1.2 million and to increase total assets by $2,800,000. The bank loan bears an interest rate of 11 percent. The company’s president owns 55% of the 10,000,000 shares of common stock and wishes to maintain control of the company. The company’s tax rate is 30 percent. Balance s0heet information is shown below. 

The company is considering two alternatives to raise the $4 million: (1) sell common stock at $10 per share, or (2) Sell bonds at a 12% coupon, each $1,000 bond carrying 50 warrants to buy common stock at $15 per share.  f

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more