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You are computing the discount rate for a project in the furniture business. Your firm is 100% equity financed and will remain that way. There
You are computing the discount rate for a project in the furniture business. Your firm is 100% equity financed and will remain that way. There are three publicly traded firms that are in the furniture business and are not involved in any other lines of business. However, only one of these three firms is 100% equity financed. You should only use the 100% equity-financed
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