Harris, Inc., has equity with a market value of $23.8 million and debt with a market value...

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Harris, Inc., hasequity with a market value of $23.8 million and debt with a marketvalue of $11.9 million. Treasury bills that mature in one yearyield 4 percent per year and the expected return on the marketportfolio is 10 percent. The beta of the company’s equity is 1.23.The company pays no taxes.

a. What is thecompany's debt-equity ratio? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What is thecompany’s weighted average cost of capital? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)
c. What is thecost of capital for an otherwise identical all-equity company?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)

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Harris, Inc., hasequity with a market value of $23.8 million and debt with a marketvalue of $11.9 million. Treasury bills that mature in one yearyield 4 percent per year and the expected return on the marketportfolio is 10 percent. The beta of the company’s equity is 1.23.The company pays no taxes. a.What is thecompany's debt-equity ratio? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)b.What is thecompany’s weighted average cost of capital? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)c.What is thecost of capital for an otherwise identical all-equity company?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)

a.	What is thecompany's debt-equity ratio? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
b.	What is thecompany’s weighted average cost of capital? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)
c.	What is thecost of capital for an otherwise identical all-equity company?(Do not round intermediate calculations and enter youranswer as a percent rounded to 2 decimal places, e.g.,32.16.)