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Homework answers / question archive / R 7,500,000
R 7,500,000.00
Of the R20 million in cash needed for the purchase, R5 million is available from retained earnings, with a required return of 12 per cent, and the remaining R15 million will come from a new debt issue yielding 8 percent. Crode's tax rate is 40 pe rcent. Should you recommend acquisition of Geek?
