Question 2 (1 point} The Black Bird Company plans an expansion. The expansion is to be financed byselling $12 million in new debt and $40 million in new common stock. The before-tax required rate of return on debt is 8.33% percent and the required rate of returnon equity is 19.59% percent. If the company is in the 34 percent tax bracket, – Round the answer to two decimal places in percentage form. (Write the percentage Sign in the “units ” box} Your Answer: Answer units
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