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Thumps up for correct answer with working ! The triple JJJ corporation is an all equity firm, has EBIT of $1.50M per year, constant and

Thumps up for correct answer with working !

The triple JJJ corporation is an all equity firm, has EBIT of $1.50M per year, constant and perpetual and cost of equity ro= 15%. The firm sells $5.0M worth of 10 year bonds at 10% (sold at par) and uses the proceeds to retire $5 M of equity.

Q) Find the WACC?

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