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(10%): 2.Consider the following items for a fishing business Total market value of a firm $70,000, Value of debt $30,000 Rates of return on equity

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(10%): 2.Consider the following items for a fishing business Total market value of a firm $70,000, Value of debt $30,000 Rates of return on equity 10 %, Corporate tax rate :-35 % a. Find the value of stockholder's equity. b. Find the weighted average cost of capital (WACC) c. Find the net income. d. If the firm issues more debt, what is the effect on WACC? Interest payment $2,000

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