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1) Tech Pro Incs assets are $500 million, financed through bank loans, bonds, preferred stocks and common stocks. The amount

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=(100*(9%*(1-15%))+180*(RATE(12*2,9%*1000/2,-940+40,1000)*2*(1-15%))+20*(15/200)+200*(2%+1.2*(12%-2%)))/500

=10.64%

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