Question: please do in excel and show how you got the answer in excel Summit Pharmaceuticals has a cost of debt of 7.5 percent and an

 please do in excel and show how you got the answer

please do in excel and show how you got the answer in excel

Summit Pharmaceuticals has a cost of debt of 7.5 percent and an unlevered cost of capital of 12.7 percent. Assuming a tax rate of 22 percent, what is the target debt-equity ratio if the targeted cost of equity is 14.5 percent? 1) What is the target debt-equity ratio if the targeted cost of equity is 14.5 percent? 2) What would be the company's WACC increase if it implements a D/E ratio of 1.00 and the tax rate increases to 25 percent? SHOW YOUR WORK

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