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Archimedes Levers ( Ticker: AL ) is financed 6 0 % with debt and 4 0 % with equity. AL s cost of debt is
Archimedes Levers Ticker: AL is financed with debt and with equity. ALs cost of debt is and ALs cost of equity is If the tax rate is what would ALs cost of equity be if they were to pay off all their debt and become allequity financed, but not change the left side of the balance sheet?
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