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6. BNB Corp has no debt, but it can borrow at 5.5 percent. The firm's WACC is currently 11.6 percent, and the tax rate is

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6. BNB Corp has no debt, but it can borrow at 5.5 percent. The firm's WACC is currently 11.6 percent, and the tax rate is 23 percent. (11 pts) a. What is the company's cost of equity? ( 3 pts) b. If the firm converts to 30 percent debt, what will be its cost of equity? ( 4 pts) c. What is the company's WACC? (4 pts)

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