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Mac Inc. is considering issuing additional long-term debt to finance an investment opportunity. Currently, Mac has $180 million in 14% debt outstanding. Its after-tax net

Mac Inc. is considering issuing additional long-term debt to finance an investment opportunity. Currently, Mac has $180 million in 14% debt outstanding. Its after-tax net income is $63 million, and the company is in 30 percent tax bracket. What is Mac

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