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Question 2 1 pts A firm has book value of equity of $333 million. Its market capitalization is $600 million. It has $150 million in
Question 2 1 pts A firm has book value of equity of $333 million. Its market capitalization is $600 million. It has $150 million in debt and $40 million in cash and short-term investments on the balance sheet. Its CAPM beta is 1.4, the yield to maturity on its debt is 5%, the corporate tax rate is 20%, and the required return on its equity is 11%. What is this firm's WACC? O 7.7% 8.5% 9.9% O 11.8% O 12.2%
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