Titan Mining Corporation has 7 . 5 million shares of common stock outstanding, and 1 4 0
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Question:
Titan Mining Corporation has million shares of common stock outstanding, and bonds with a semiannual coupon of outstanding, par value $ each. The common stock currently sells for $ per share and has a beta of and the bonds have years to maturity and sell for of par. The market risk premium is Tbills are yielding and the companys tax rate is What is the rate the firm should use to evaluate a new investment that has the same risk as the firms typical project?
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