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Suppose the firm has no assets other than the project and plans to operate at the following debt levels: Debt (beg of year) Year 1

Suppose the firm has no assets other than the project and plans to operate at the following

debt levels:

Debt (beg of year)

Year 1 - 4000

Year 2 - 3000

Year 3- 1500

What is debt (beg of year) and how do we calculate Wacc?

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