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Bate industries has net income of $192million on sales of $960 million. Bate has $320 million in debt with 1.6 Billion in Assets. The firm

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Bate industries has net income of $192million on sales of $960 million. Bate has $320 million in debt with 1.6 Billion in Assets. The firm has a beta of 1.1 and its required return is 12.9% The market recently returned 14% and T bills are earning 2% Compute the firm's equity multiplier

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