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Break - Even Point permit sales of the additional output. The firm has tax loss carryforwards that render its tax rate zero, its cost of

Break

-

Even Point

permit sales of the additional output. The firm has tax loss carryforwards that render its tax rate zero, its cost of equity is

12 %,

and it uses no debt.

your answer to two decimal places.

3 %

Should the firm make the investment?

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