Answer: The value of the firm is $16 million.
For this question we use the Modigliani-Miller Proposition I which states that the value of the firm is same irrespective of the amount of equity and debt in its capital structure, ignoring taxes.
Amount borrowed for buyback = $1m
No. of shares bought back = 2500
Value per share = $
Shares outstanding before buyback = 40000 shares
Shares bought back = 2500 shares
Shares outstanding after buyback =
Next we calculate the value of the firm before and after buyback of shares.
The value of the firm before buyback comprises of only 40000 equity shares. There is no debt. Hence,

The value of the firm after buyback will be




Since value of the firm before and after buyback of shares is the same, we can say that the Modigliani-Miller Proposition I without taxes holds and the value of the firm is $16 million.
Three different levels at which an organization can be diagnosed are Organizational, Group and Individual.
In the organizational level three faces are considered which includes the Inputs, outputs and the system designs. This creates a process through which the organization arrive at its goals.
The second level of the diagnosis is the group level diagnosis.In this level of diagnosis the focus is on the input of the organizational design.
Third level of diagnosis is at the individual level. Individual jobs have specific designs to accomplish individual goals which are required to be performed for a certain process.
An organization is an open system in which different ways of the environment impact the organizations in many ways.
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Answer:
Came as a result of:an increase in the international gold supply .
Answer:
The correct answer would be option C, By producing more than it consumes.
Explanation:
A developing country can generate internal funds by producing more than it consumes.
Internal funds are the funds that are generated internally, either at the individual level or at the country level. When a country generates funds on its own, the funds are called as the internal funds.
So internal funds can be generated by producing more than the consumption requirements. In this way the economic activities will increase, the money supply would be better and the country would be able to generate funds it need.