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Question 15 (1 point) A company has a target capital structure of 70% debt and 30% equity. If the company raises equity of less than
Question 15 (1 point) A company has a target capital structure of 70% debt and 30% equity. If the company raises equity of less than $10 million, then its cost of equity is 12%. If the new equity issued is above $10 million, its cost of equity is 14%. The first break point in the cost of capital raised due to the change in the cost of equity is closest to: $14.29 million. $33.33 million. $10.00 million. G LG
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