Excel working problem | Business & Finance homework help

Complete the following problem sets in Financial Management using Microsoft® Excel®:

  • The current beta of Austin Enterprises is 0.85. 

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  • The current market return is 12%. 

  • The current risk-free rate is 3%. 

  • The total equity is 20,000,000 shares at $25 per share. 

  • Debt is sold in units of $2,000,000. 

  • The first unit of debt has a cost of 7.5%. 

  • The tax rate of Austin Enterprises is 40%. 

  • For each additional unit of debt (each additional $2,000,000), the cost of debt rises by 0.85%, and the beta of Austin Enterprises rises by 0.025. 

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