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Solve by using the quadratic formula:
WACC
Weighted Average Cost of Capital, a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.
Flotation Costs
The expenses incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees.
New Equity
Funds that a company raises through the sale of new shares to investors, often used to finance business activities without incurring debt.
Growth Rate
The percentage change of a particular economic or financial indicator within a specific time period, indicating the rate at which a company, economy, or value is expanding or contracting.
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