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(23) For the foreign country in which FedEx does most of its business, explain how you would estimate FedEx cost of capital used to support

(23) For the foreign country in which FedEx does most of its business, explain how you would estimate FedEx cost of capital used to support its business in that country.

(24) Given the foreign countries in which FedEx does most of its international business, do you think FedEx uses mostly equity or debt to support its foreign projects? Explain.

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