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Hi Tutors, I need some help solving two problems. 1. What is the WACC and why is it important to estimate a firm's cost of

Hi Tutors,

I need some help solving two problems.

1. What is the WACC and why is it important to estimate a firm's cost of capital?Is the WACC set by investors or by managers?Explain.Did Cohen make any mistakes in her analysis?Explain.

4. What is your estimate of the WACC?Justify your assumptions.Identify the sources of the data used.Note that the price of the bond in Exhibit 4 is listed as $95.60 but it is really 95.6% of par.

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