Cost of Capital- MCC How far can we go with Layer 2
{"Image DocumentName": "Cost of Capital- MCC How far can we go with Layer 2?", "Image ImageDescription": "1,000,000/.4 = 2,500,000 of new projects costs of which. 2,500,000   .6 = 1,500,000 in new issue debt. and 1,000,000 = use of retained earnings. Layer 2 WACC: .6 (.09) (1-.4) + .4(.15) = 9.24% Layer 3 would include new projects over 2,500,000 with flotation costs for equity and flotation costs for debt.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}