Question: please use excel, highlight your answer. Company EverGrowth has a 45% marginal tax rate and is considering whether it should borrow more debt to finance

please use excel, highlight your answer. please use excel, highlight your answer. Company EverGrowth has a 45% marginal

Company EverGrowth has a 45% marginal tax rate and is considering whether it should borrow more debt to finance a major project that will cost $39 million. The project's expected return is 9.94%, and with its current credit rating, the company's borrowing interest rate is 14.70%. How much more debt should the company borrow to cover the project's expected cost of $39? Assuming that the company's target debt ratio is 50%

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