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IDM Inc. is considering an expansion project in Belgium - but the CFO is concerned about the CAD / Euro exchange rate which is currently

IDM Inc. is considering an expansion project in Belgium - but the CFO is concerned about the CAD/Euro exchange rate which is currently =0.65. The risk-free rate of return =3%-and IDM stocks trade on the x stock exchange which has averaged 10.29%. Last year, IDM Inc. paid $29.25MM in taxes on gross income of $117MM- while its beta multiplier is 1.09 x . IDM Inc. has a debt-to-equity ratio of 15, where its equity totals $12,000,000- debt investors require 7.5%; what is YSJ Inc.'s WACC and PV of its tax shield, and how are your computations impacted if the D/E is lowered to 15%(show all your work)? Your neighbour who works at IDM Inc. is unsure how the company may be impacted by adverse currency movements (i.e., if they expand into Belgium)- outline, in 2-3 lines, how you would explain this. Lastly, your neighbour also questions whether a decrease in debt funding will have any impact on IDM's Beta whatsoever - justify your response.
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