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Very urgent QUESTIONS: 1. Table shows a book balance sheet for the MWC corporation. The company's long-term debt is secured by its real estate assets,
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QUESTIONS: 1. Table shows a book balance sheet for the MWC corporation. The company's long-term debt is secured by its real estate assets, but it also uses short-term bank It pays 9% interest on the bank debt and 6% interest on the secured debt. MWChas 10 million shares of stock outstanding, trading at $45 per share. The expected return on MWC's common stock is 14%. The marginal tax rate is 22%. Assets PPE AR Liabilities 480 Bank loan 50 Long termsecured loan 200 Capital Stock 100 Retained Earnings 830 100 Short 350 lume 168 212 830 INY OtherAssets Total Calculate WACC (15 points)Step by Step Solution
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