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Question 3 3. Consider Table 4, which presents project data for PETS PLC. Assume that the firm maintains a constant debt-equity ratio. a. Consider Table

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Question 3 3. Consider Table 4, which presents project data for PETS PLC. Assume that the firm maintains a constant debt-equity ratio. a. Consider Table 4. What is PETS PLC's after-tax WACC? Detail all calculations that you use. b. Consider Table 4. Assume PETS PLC maintains a constant debt-equity ratio. Use the after-tax WACC approach to calculate the value of the levered project. Detail all calculations that you use. c. Consider Table 4. Assume PETS PLC maintains a constant debt-equity ratio. Use the adjusted present value (APV) approach to calculate the value of the levered project. Detail all calculations that you use. d. Consider Table 5. PETS PLC has identified a new project which has different risk and financing to the overall firm. Details of this project are presented in Table 5. Calculate the discount rate specific to this project using the WACC method. Explain your answer and detail all calculations that you use

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