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30 poi QUESTION 15 Happy Corp. is all-equity-financed. The expected rate of return on the company's shares is 15%, if the company recapitalizes by issuing
30 poi QUESTION 15 Happy Corp. is all-equity-financed. The expected rate of return on the company's shares is 15%, if the company recapitalizes by issuing debt and targets a 30% debt to total capital (D DE 30 hat is Happy Co p 's new weighted average cost of capital? Assume the borrowing rate is 8% and the tax rate is 40%. Note: Number expressed as 96 (ie 1096-10. Round to nearest 1 decima
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