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The weighted average cost of capital for Sunny Ltd (assuming all three Modigliani and Miller assumptions apply) is 16 percent. What is the current cost

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The weighted average cost of capital for Sunny Ltd (assuming all three Modigliani and Miller assumptions apply) is 16 percent. What is the current cost of equity capital for the firm if its cost of debt is 7 percent and the proportion of debt to total firm value for the firm is 0.57 Select one: a. 15% O b.25 O C70 od 16 Next page Previous page GOUD Anment instructions and

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