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Fuji Inc. is registered as a business in the film-making industry and has a required return on its assets of 12%. Fuji can borrow in
Fuji Inc. is registered as a business in the film-making industry and has a required return on its assets of 12%. Fuji can borrow in the debt market at the interest rate of 4%. If there are no taxes and M\&M's proposition II holds, what is the cost of equity if the debt-to-equity ratio is 50%? 17% 16% 18% 14% Correct answer is not available
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