If a firm has a weighted-average cost of capital (WACC) of 8.902%, a required return...

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Finance

If a firm has a weighted-average cost of capital (WACC) of 8.902%, a required return on debt of 3.354% and a required return on equity of 12.985%, what proportion of the firm's capital structure is equity if the firm pays 22% in taxes? Assume no preferred stock.

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