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Neal Enterprises Has No Debt. Its Current Total Value Is $73.6 Million.

Neal Enterprises Has No Debt. Its Current Total Value Is $73.6 Million.

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 Requirement 1:
Ignoring taxes, what will the company’s value be if it sells $33.8 million in debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

 Requirement 2:
Suppose now that the company’s tax rate is 36 percent. What will its overall value be if it sells $33.8 million in debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)


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