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Common shares 15million 8 million Preferred shares 3 million 2 million Debt 5 million 13 million Debt cost 8% PS cost-15% Tax rate is 30%

Common shares 15million 8 million Preferred shares 3 million 2 million Debt 5 million 13 million Debt cost 8% PS cost-15% Tax rate is 30% What is the indifference point? 2,014,000 none of them 0 1,682,000 1,955,102

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