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Morningview Nursing Home, a not-for-profit corporation, is estimating its CCC. Its tax-exempt debt currently requires an interest rate of 6.2 percent, and its target capital

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Morningview Nursing Home, a not-for-profit corporation, is estimating its CCC. Its tax-exempt debt currently requires an interest rate of 6.2 percent, and its target capital structure calls for 60 percent debt financing and 40 percent equity (fund capital) financing. Suppose Momingview's cost of equity is estimated as 16.4%. Then, what is the firm's CCC? 16.5% 5.2% 8.96% 10.3%

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