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A firm can issue $21m of debt at 5.7 before it has to increase it's interest rate. It can then issue $4m at 8.4 before

A firm can issue $21m of debt at 5.7 before it has to increase it's interest rate. It can then issue $4m at 8.4 before it has to increase its interest rate again.

What is the second breakpoint on debt? i.e. at what dollar amount would the MCC change?

The firm's weight on debt is 36%.

$12,321,000 would be entered as 12.32

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