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Arqjuitectonica-Madrid has total debt of $12 with an average before tax cost of debt of 12%. Total equity is $54 with a cost of 17%.

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Arqjuitectonica-Madrid has total debt of $12 with an average before tax cost of debt of 12%. Total equity is $54 with a cost of 17%. The firm intends to implement projects whose total NPV is (10. If the firm's tax rate is 38%, how much new debt (in () should the company issue to finance the intended projects

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