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??????? 5. Bac Corp. has no debt but can borrow at 6.4 percent. The firm's WACC is currently 10.2 percent, and the tax rate is

??????? 5. Bac Corp. has no debt but can borrow at 6.4 percent. The firm's WACC is currently 10.2 percent, and the tax rate is 35 percent. a. What is the company's cost of equity? b. If the firm converts to 2 2 answers

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