The def company is planning a $64 million expansion. the expansion is to be financed by selling $25.6 million in new debt and $38.4 million in new common stock. the before tax required rate of return on debt is 9% and the required rate of return on equity is 14%. if the company is in the 35% tax bracket, what is the firms cost of capital

could

step-by-step explanation:

u send me a picture of ur work

answer: yes i agree that you should not put it on/p>

step-by-step explanation: the reason for this is that it wastes other peoples time and also make them fail as well and that is never good.

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for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

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