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Safe Kayak Company has total assets of $1,000,000 and a weighted average cost of capital of 13%. If the cost of equity is 16%,the cost

Safe Kayak Company has total assets of $1,000,000 and a weighted average cost of capital of 13%. If the cost of equity is 16%,the cost of debt is 10% and the tax rate is 35%, how much is there in debt and how much in equity?

Debt _______________________ Equity _________________________

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