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Please help me to solve this problem, thank you so much. Discuss the following issues related to WACC (cost of capital): a. What is the

Please help me to solve this problem, thank you so much.

Discuss the following issues related to WACC (cost of capital):

a. What is the WACC and why is it important? Specifically why is it important for Joe Ricketts and Ameritrade?

b. Is a firms WACC set by managers or investors? Explain.

c. Is it possible to determine the exact cost of capital? Why or why not? Assume your team has been hired as the consultant to calculate the cost of capital for Ameritrade.

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