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A new firm requires an initial investment of $1,000 and will generate a before-tax gross return of $1,600 after one year and then shut down.

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A new firm requires an initial investment of $1,000 and will generate a before-tax gross return of $1,600 after one year and then shut down. The firm is 28% financed with debt at an expected return of 4%. The appropriate unlevered after-tax cost of capital is 14% and the marginal income tax rate is 21%. | Attempt 1/3 for 10 pts. Part 1 What is the weighted average cost of capital? 3+ decimals Submit Part 2 | Attempt 1/3 for 10 pts. What is the present value of the cash flows using the weighted average cost of capital? 0+ decimals Submit - Attempt 1/3 for 10 pts. Part 3 How much debt does the company have (in $)? 0+ decimals Submit Part 4 - Attempt 1/3 for 10 pts. What is the APV? 0+ decimals Submit

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