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The following table shows firms from different industries in the Australian stock market. Company Name Industry Life-cycle stage Cash flows Tech Ltd Technology Introductory Highly

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The following table shows firms from different industries in the Australian stock market. Company Name Industry Life-cycle stage Cash flows Tech Ltd Technology Introductory Highly Uncertain Your Energy Ltd Utility Mature Certain Tech Adv Ltd Technology Growth Uncertain i. Which of the above firm(s) will be able to afford a high debt to equity ratio? Explain your

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