Table 1: Scenario Analysis ?? Raise Debt or Equity? Assuming r_U = 12% Assuming r_D does not change when the leverage changes Scenario 1: $1billion

Table 1: Scenario Analysis â?? "Raise Debt or Equity?" Assuming r_U = 12% Assuming r_D does not change when the leverage changes Scenario 1: $1billion of debt Scenario 2: to repurchase $1bi11ion ...