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Question 1 The beta for the equity in Enough Corporation is 0.95. The market risk premium is 7 per cent, and the risk-free rate is
Question 1 The beta for the equity in Enough Corporation is 0.95. The market risk premium is 7 per cent, and the risk-free rate is 5 per cent. Enough has a target debt/equity ratio of 25 per cent. Its cost of debt is 9 per cent, before taxes. If the tax rate is 30 per cent, what is the WACC
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