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As the financial manager of firm Air, you are analyzing the capital structure of the firm. You find that EBIT is $12 million and unlevered

As the financial manager of firm Air, you are analyzing the capital structure of the firm. You find that EBIT is $12 million and unlevered cost of capital is 10%. The market value of debt is $50 million and cost of debt is 6%. What is the value of equity? What is the WACC? Assuming a tax rate of 30%

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