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highlight portions. 1 Debt Value Equity Value Total D/E 2 rE 3 WACC 4 Increase debt by $5 billion reducing equity by the same amount

highlight portions. 1 Debt Value Equity Value Total D/E 2 rE 3 WACC 4 Increase debt by $5 billion reducing equity by the same amount Debt Value Equity Value Total D/E rE WACC

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