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(8P) OWEN Toledo Inc. has a debt-equity ratio of 2.2. The firm's weighted average cost of capital is 9 percent and its pretax cost of

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(8P) OWEN Toledo Inc. has a debt-equity ratio of 2.2. The firm's weighted average cost of capital is 9 percent and its pretax cost of debt is 6 percent. The tax rate is 21 percent. i. What is the company's cost of equity capital? ii. What is the company's unlevered cost of equity capital? iii. What would the company's weighted average cost of capital (WACC) be if the company's debt-equity ratio were .70

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