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Empress Corp. has no debt but can borrow at 8.2 percent. The rm's WACC is currently 11 percent, and the tax rate is 35 percent.a.What

Empress Corp. has no debt but can borrow at 8.2 percent. The rm's WACC is currently 11 percent, and the tax rate is 35 percent.a.What is the company's cost of equity?b.If the rm converts to 25 percent debt, what will its cost of equity be?c.If the rm converts to 50 percent debt, what will its cost

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