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uppose your company needs $24 millon to build a new assembly line your target assembly line your target debt ratio is 60 the flotation cost

uppose your company needs $24 millon to build a new assembly line your target assembly line your target debt ratio is 60 the flotation cost for a new equity is 7% but the flotation cost for debt is only 3% your boss has decided to fund the project by borrowing money

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