Question: Can You please answer in excel and explain it in the step by step process. Exercise 12.3 A company has long-term debt of $25 million,

Can You please answer in excel and explain it in the step by step process.

Exercise 12.3 A company has long-term debt of $25 million, which has average interest rate of 11%. The company's market capitalization is $70 million. If the tax rate is 45% and the cost of equity is 16%, determine the weighted average cost of capital

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