Problem
Suppose DA = 3 years, DL = 6 years, k = .8, and A = $100million. What is the effect on owners' net worth if ΔR/ (1 + R) rises 1 percent? (ΔE = $1,800,000)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.