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(Solved): a.b. The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patent ...
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The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested \( \$ 400,000 \) in setting up a production plant. He believes that he could sell his patent for \( \$ 24 \) million. a. What is the book value of the firm? Note: Enter your answer in dollars not in millions. b. What is the market value of the firm? Note: Enter your answer in dollars not in millions. c. If there are 2 million shares of stock in the new corporation, what is the book value per share? Note: Round your answer to 2 decimal places. d. If there are 2 million shares of stock in the new corporation, what is the price per share? Note: Round your answer to 2 decimal places.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022
In 2022 Quick Burger had capital expenditures of \( \$ 3,060 \). a. Calculate Quick Burger's free cash flow in \( 2022 . \) Note: Enter your answer in millions. b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of \( 21 \% \).) Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. c. What would the company's free cash flow have been if it was all-equity financed? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.