Solution Manual For Principles Of Corporate Finance 14th Edition

! !" # ! "
$ %& '

, ! " " # $ % " $
& % " ' ( $
) % " ' * +$
, - # $ % " . / $0
1 2 + ' / $0 $ $ ! - # $ % " 3 "

4 3 $+5 / $ 6 5 # 6" * "
7 8 " 9$$ # ' 2 "
: 3 $+ $ 6 "

; # < 9 "=$ $
! > $ 8 # < $ 8 "= / # $ / - #%$

> 66 2 + $ ( / "
& 9 ./ / ! 6 '
) ! $ $$ * $

, # = # " =
1 $ ? # " =2 @
4 ! 2 * " ( !@
7 ' % "

: 9' =# ?" 0 $ A /
; * + " "$ 0 3 $ $ ?" ( $ $$

B $ ' . $
% " ' . $
& 3 ". $

) 3 $+ % " 6 ?
, 8 2 = 66 C $ 6 ?
1 D $ '

4 2 ' ' 3 $+
7 " "2 ' 0

: " 9 "=$ $
&; "# " '
& E + ' "2 ' 0

& 2 ' $
&& 3 $ '

, !" $
%&'()*+,'-) & ') /)(0)(1'2 3-&1&,2


567 9:;<7= 8 =6>?@ A@ B67 =>;<BA>@= C : D E7 F><@G7G H>F GA=I;:D I<FI>=7=J K>?797FL B67 :@=?7F= ?7F7
G7FA97G <=A@M : =IF7:G=677B ?AB6><B :@D A@B7FC7GA:B7 F><@GA@MJ


O & P Q 2 ( P ') R()ST2U V2'P

WX ZX [\Z]

^X \_\`a bcd\ Zc[f]Zg \h

`X ^[Zg i gZj\h

iX kcgZg `cZ]

\X ^lg ih

mkX cgd\hbj\g b l[ `ZfcbZ] \_f\g icba[\

mnX `ZfcbZ] ^a in\bcgn l[ cgd\hbj\g b

oX kcgZg `cgn

mp lb\ boZb k Zg i n Z[\ cgb\[`oZg n\Z^] \ cg bo\ qa \hbclg X
r=B BAC7s tu vtw



xX y b[Zi\j Z[z{ Z kZ`bl[|{ a g i\d\] lf\i ]Zg i { Zg i |la [ }l[z kl[`\ ~`{ i { \{ Zg i n Z[\ Z ]] [\Z] Z
hh\bhX \Z] Zhh\bh Z[\ ci\g bckcZ^]\ Zh cb\jh }c bo cg b[cg hc` dZ]a \X o \ lbo \[h cg bo\ ]chbeZ[\ kcgZ
g`cZ] Zhh\bh{ boZb ch{ bo\h\ Zhh\bh i\[cd\ dZ]a\ ^\`Za h\ lk Z `lg b[Z`baZ] `]Zcj X
r=B BAC7s tu vtw



X ZX
cgZg `cZ] Zhh\bh{ ha `o Zh hbl`zh l[ ^Zg z ]lZg h{ Z[\ `]Zcj h o\]i ^| cgd\hbl[hX
l[fl[Zbclg h h\]] kcgZg `cZ] Zhh\bh bl [Zch\ bo\ `Zho bl cgd\hbecg [\Z] Zhh\bh ha `o Z
h f]Zg bZg i \qa cf j \ g bX l j \ [\Z] Zhh\bh Z[\ cgbZgnc^]\X

^X ZfcbZ] \_f\g icba[\ j \ Z g h cgd\hbj\g b cg [\Z] Zhh\bhX cgZg `cgn j \ Z g h [Zchcgn bo\
`Zho kl[ boch cgd\hbj\g bX

, !"# $ %


'() )+,-. /0 1/2 &