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PROBLEM #4: [7.5 marks] - Solve on paper, take a picture and upload Doximity Ltd. has expected (perpetual) EBIT = $7,500.00, debt with a face

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PROBLEM #4: [7.5 marks] - Solve on paper, take a picture and upload Doximity Ltd. has expected (perpetual) EBIT = $7,500.00, debt with a face and market value of $15,000.00 paying 9% annual coupon, and an unlevered cost of capital (i.e., cost of the firm's business risk) of 12%. If the tax rate is 35%, what is the WACC of Doximity Ltd

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