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Piedmont Instruments Corporation has estimated the following costs of debt and equity capital for various fractions of debt in its capital structure. Debt Fraction k

Piedmont Instruments Corporation has estimated the following costs of debt and

equity capital for various fractions of debt in its capital structure.

Debt Fraction ki

ke with Financial Distress Costs

and Without Agency Costs

ke with Financial Distress

Costs and Agency Costs

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