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Loyd Ltd is financed by both debt and equity. The company's systematic risk is 0.79, cost of debt capital is 8.5% p.a. and company pay

Loyd Ltd is financed by both debt and equity. The company's systematic risk is 0.79, cost of debt capital is 8.5% p.a. and company pay tax of 30% on its income. Assume company is financed by both debt and equity in its capital structure, where WACC is 18 percent. If ASX 200 expected return is 28% and the risk free return is 4%.Assume company has zero preference shares. What is the portion of Loyd financed by debt?

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