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A firm has $4 million in retained earnings, $5 million in debt, no preferred stock, and $8 million in common stock. The cost of equity

A firm has $4 million in retained earnings, $5 million in debt, no preferred stock, and $8 million in common stock. The cost of equity = 10%, cost of new stock = 1 1%, and the cost of debt = 5%. Tax r...

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