F3 Lecture Notes – M+M Ch4 Example 2 – Why is ve different?

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January 21, 2020 at 4:07 pm #559398
River1001
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Only one Ve looks to be referenced in the question but

for a) in calculating the Ke the Ve used is 1
for b) in calculating the WACC the Ve used is 0.6

Is this an error or am I looking at this incorrectly?

Thanks.
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