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1. Problem 14.02 (Optimal Capital Structure) compiled the following projections for EPS and the stock price at various debt levels: % debt % equity At

image text in transcribed 1. Problem 14.02 (Optimal Capital Structure) compiled the following projections for EPS and the stock price at various debt levels: % debt % equity At what debt-to-capital ratio is the company's WACC minimized? Choose from the options provided above. Round your answer to two decimal places. %

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