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New manufacturing plant with a combination

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Votheus Corp. plans to finance the purchase of a new manufacturing plant with a combination of debt and equity. The plant will cost $101,691 total, of which $32,385 will be financed by new common stock. The remainder will be financed by debt. What is the proportion of equity financing for use in the WACC calculation? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

Reference no: EM132396773

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