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4. Bien Company currently has no debt but it can borrow at 5%. The firm has a WACC of 9.5% and its tax rate is

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4. Bien Company currently has no debt but it can borrow at 5%. The firm has a WACC of 9.5% and its tax rate is 35%. a) What's the firm's cost of equity unlevered? b) If the firm converts to 50% debt level, what the firm's equity cost will be? c) What's the firm's WACC at 50% debt level

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