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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
A firm with $1,000,000 in assets and 50% debt in its capital structure is considering a $250,000 project. The firm's after-tax weighted average cost of capital is 10.4%, the marginal

cost of debt is 8% (before taxes), and the marginal tax rate is 40%. If the project does not change the firm's operating risk and is financed exclusively with new equity, what rate of return must it earn to be acceptable?
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