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Long Q2A: You are hired to help determine the right WACC for Ford Motor Co. You know Ford has 100,000 bonds outstanding and 2 million

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Long Q2A: You are hired to help determine the right WACC for Ford Motor Co. You know Ford has 100,000 bonds outstanding and 2 million stocks outstanding. The bonds are investment grade and have a face value of 1000, 1% annual coupon, yield to maturity of 6%, and 8 years to maturity. Additionally, you know that the current stock price is $50 and the equity beta for Ford is 1.2. The risk-free rate is 5%, the market risk premium is 8%, and the corporate tax rate is 30%. Question 2A: What is the Market Value of Debt for Ford? Answer in millions (ex If MVD- 25,230,000 put 25.23)

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