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QUESTION 9 4 points Axon Industries needs to raise $26.70M for a new investment project. If the firm issues one year debt, it may haveto

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QUESTION 9 4 points Axon Industries needs to raise $26.70M for a new investment project. If the firm issues one year debt, it may haveto pay an interest rate of 8.10 %, although Axony's managers believe that 4.29% would be a fait rate given the level of risk. If the firm issues equity, they believe the equity may be underpriced by 8.41 What is the cost to current shareholders of financing the project out of debt? NOTE: Provide your answers in Millions.E.G. for 100M you must enter 100.0000, for 20M you must enter 20.0000, etc

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