In a world of corporate taxes only, show that the WACC can be written as WACC =

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In a world of corporate taxes only, show that the WACC can be written as WACC = R0 × [1 − TC(B/V)]. 

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Corporate Finance

ISBN: 978-1259918940

12th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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