TLB Inc needs to raiseCurrent stock priceUnderwriter requirementUnderpricing requirement$500$72.507.50%6.00%New shares Current price500 $72.50LUnderwriter offerStock...

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TLB Inc needs to raise Current stock price Underwriter requirement Underpricing requirement $500 $72.50 7.50% 6.00% New shares Current price 500 $72.50 L Underwriter offer Stock price Spread $68.88 $5.11 Underprice $3.63 Company proceeds $31,883 Underwriter fees $2,555 $8.74 If the net amount needed is $500 million what are the gross proceeds? C1 How men shares must the company need to sell? million net proceeds needed A company Is contemplating either issuing debt or equity by the same amount of $1.2 billion: (all shares and amounts in millions : Debt $1,200.0 Cost of debt Equity $1,200.0 Current shares outstanding 400.0 Additional shares of equity 100.0 Before Equity Debt Financing Financing Financing Interest-bearing debt outstanding 2,500.0 Interest expense 150.0 Principal payment 250.0 Shareholders’ equity (BV) 2,000.0 Common shares outstanding 400.0 Dividends paid per share $3.00 1,200.0 Expected EBIT $2,500.0 Tax rate 21% Equity Debt After Tax Before Tax After Tax Before Tax Interest expense Principal payment Dividends % EBIT % EBIT Coverage Can Fall Coverage Can Fall Times interest earned (TIE) Times burden covered (TBC) Times common covered (TCC) Given the following financial statements, calculate the sustainable growth over the last 4 years. Lalculate the sales growth '% - then answer the questions bel YXX Balance Sheets Assets 2021 2020 2019 2018 2017 Cash 2038 289.9 916.1 236.5 316.2 Accounts receivable 300.1 2783 282.1 2376 281.1 Inventories 1104 79.1 89.2 88.7 86.7 Other current assets 1313 1219 621 537 428 Total current assets. r 7456 * 7693 F 13495 © 6165 © 7268 Net fixed assets 84.2 97.8 76.4 513 519 Goodwill and other intangibles asset 9183 10445 2282 2359 1581 Other assets 2804 282: HO 48:9 22 Total assets 2007.6 2163.7 1771.1 1052.6 1058.0 Liabilities and equity Short-term borrowings 02 13 0.1 19 310 Accounts payable 1160 85.1 68.8 66.7 69.7 Accrued liabilities 3350 3077 1825 1862 1496 Total current liabilities 4512 394.1 251.4 2549 250.3 Long-term debt 804.9 10185 809.3 3390 3387 Other long-term liabilities 134.1 158.8 1113 1078 1029 Total liabilities 13902 15715 1172.0 7017 692.0 Preferred stock 00 00 00 00 00 Common stock 22.0 22.0 22.0 21.0 21.0 Additional paid-in capital 4856 465.8 455.1 255.0 210.1 Retained eamings 8638 8537 8709 8369 8521 Treasury stock 754.0) 7493) 7490) 762.0) Jz) Total shareholder equity 817.4 592.2 599.1 350.9 366.0 Total liabilities and equity 20076 21632 ama 10526 1058.0 Net sales 1284.1 7003.1 944.0 915.9 Cost of goods sold 3855 3438 3616 370.1 Gross profit 898.6 7493 5825 5458 Selling and adminstrative expenses 689.9 596.0 4159 446.4 EBITDA 2087 1533 166.6 99.4 Depreiation and amortization 56.0 53.0 362 332 EBIT 152.7 1004 1304 66.2 Interest expense 359 402 204 182 Other nonoperating expense (income 03 4.3) 8.8) 6.0) 363 359 116 121 EBT 1164 64.4 1189 54.1 Taxes 244 135 250 114 Net income a 28 80:8 22:8 22 o0 &0 91.9 509 93.9 427 Tax rate 21.00% 21.00% 21.00% 21.00% Average shares outstanding 216 215 256 252 Diluted average shares 217 215 257 254 EPS 3.33 1.85 3.67 1.69 DPS 054 030 053 030 Diluted EPS 3.32 1.85 3.65 1.68 Stock Price $101.78 $93.54 $105.61 $81.25 BVPS $22.37 $21.57 $23.42 $13.91 Industry Refention Ratio 83677) 83.81%) 85.45%) 82.29%) 88.00%) Net profit margin 7.16%] 4.66%] 9.95%] 4.66%) 9.50%) Total asset tumover 062] 0.56] 067] 0387] 0.88] Equity multiplier 3.45] 3.30] 2.97) 2.94] 2.50) DuPont ROA 241%] 2.59%] 6.65%] 2.05%] 6.36%] ROE 15.20% 8.54%] 19.77% 1.92% 20.90%) Sustainable Growth 12.72%) 7.16% 16.80%) 9.81%) 18.30%) Sales Growth 3.69%] 217%) 5.68%]