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What proportion of a firm is equity nanced if the WACC is 12.5%, the after-tax cost of debt is 8%, the tax rate is 40%,

What proportion of a firm is equity nanced if the WACC is 12.5%, the after-tax cost of debt is 8%, the tax rate is 40%, and the required return on equity is 14%?

64.00%

70.26%

77.78%

75.00%

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