Suppose that based on your brother's patents you two would like to manufacture robotic instruments that would reduce the degree of invasion in various surgical procedures. Intuitive Surgical Inc is an all-equity company that produces similar instruments. The patents are good for ten years. The project will be financed with your and your bother's own savings. Your task is to estimate the cost of capital for your company.

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To estimate the cost of capital for your company which is a new venture in the field of manufacturin... View the full answer