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A given company's optimal debt/equity is 0.4, a ratio any company would strife to maintain in order to minimize its WACC. This company wants to

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A given company's optimal debt/equity is 0.4, a ratio any company would strife to maintain in order to minimize its WACC. This company wants to raise $ 50 MM of new financing and its RE available is $ 20 MM. Which of the following statement is correct? Select one: O a. The company does not need any new common equity O b. The company needs $ 10.5 MM of new common equity O c. The company needs $ 15.7 MM of new common equity O d. The company needs $ 20.7 MM of new common equity Oe. There is not enough information to determine the amount needed

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