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Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $2.00 last year to its shareholders and plans

Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $2.00 last year to its shareholders and plans to increase the dividend annually at the rate of 5.0%. It currently has 1,000,000 common shares outstanding. The shares currently sell for $11 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 6%, a maturity of 25 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 6%. What is the weight for debt to use in the computation of the WACC for Easy Car Corp.? The corporate tax rate is 20% When answering this problem enter your answer with the % and use two decimals (rounding). For example, if your answer is 0.10469 then enter 10.47; if your answer is 10% then enter 10.00

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