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Please calculate in Excel and show work. 6. Torp Industries has a debt-equity ratio of 1.5. Its WACC is 12%, and its cost of debt

Please calculate in Excel and show work.

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6. Torp Industries has a debt-equity ratio of 1.5. Its WACC is 12%, and its cost of debt is 12%. The corporate tax rate is 35% a. What is Torp's cost equity capital? b. What would the cost of equity be if the debt-equity ratio were 2? What if it were 1

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