Question: How do I approach and solve this question? 1.Timco has EBIT of 100. This should continue forever. The tax rate is 40%. The cost of

How do I approach and solve this question?

1.Timco has EBIT of 100. This should continue forever. The tax rate is 40%. The cost of equity is 10%. Find the firm's value and the WACC if Timco uses 50 in 5% debt.

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