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Lancelin Manufacturing has a target debt-to-equity ratio of .35. It only has ordinary share for its equity. Its cost of equity is 12 percent, and

Lancelin Manufacturing has a target debt-to-equity ratio of .35. It only has ordinary share for its equity. Its cost of equity is 12 percent, and its pre-tax cost of debt is 6 percent. The tax rate is 27.50 percent.

  1. If the company's total equity is $2,500,000, how much is the target total liabilities? (Round to the nearest dollar).Case sensitive. E.g., type in your answer in this format 1,000,000 for $1,000,000.
  2. How much is after-tax cost of equity?Casesensitive. E.g., type in your answer in this format 2.00 for 2.
  3. How much is the after-tax cost of debt?Casesensitive. E.g., type in your answer in this format 2.00 for 2.
  4. What is the company's WACC?Casesensitive. E.g., type in your answer in this format 2.00 for 2.

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