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7. BNB Corp has no debt, but it can borrow at 6.0 percent. The firm's WACC is currently 10.5 percent, and the tax rate is

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7. BNB Corp has no debt, but it can borrow at 6.0 percent. The firm's WACC is currently 10.5 percent, and the tax rate is 21 percent. 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? (5) c. What is the company's WACC

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