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ourse aluation You own your own firm, and you want to raise $40 million to...

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ourse aluation You own your own firm, and you want to raise $40 million to fund an expansion. Currently, you own 100% of the firm's equity, and the firm has no debt. To raise the $40 million solely through cquity, you will need to sell two-thirds of the firm. However, you would prefer to maintain at least a 50% equity stake in the firm to retain control. a. If you borrow $25 million, what fraction of the equity will you need to sell to raise the remaining $15 million? (Assume perfect capital markets) b. What is the smallest amount you can borrow to raise the $40 million without giving up control? (Assume perfect capital markets.) CEE a. If you borrow $25 million, what fraction of the equity will you need to sell to raise the remaining $15 million? (Assume perfect capital markets.) You will need to sell % of the equity (Round to one decimal place) b. What is the smaleat amount you can borrow to raise the $40 million without giving up control? (Assume perfect capital markets.) The smallest amount you can bomow to raise the $40 million without giving up control is 5 million. (Round to one decimal place)

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