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Salem Mills has an unlevered cost of capital of 14%, a cost of debt of 9%, and a tax rate of 34%. What is the
Salem Mills has an unlevered cost of capital of 14%, a cost of debt of 9%, and a tax rate of 34%. What is the target debt-equity ratio if the targeted cost of equity is 14.5%? Select one: a. 94 O b. 67 O c. 75 d. 82
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