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United Business Forms’ capital structure is as follow: Debt 30%, Preferred Stock 20%, Common Equity 50%....

United Business Forms’ capital structure is as follow: Debt 30%, Preferred Stock 20%, Common Equity 50%. The after tax cost of debt is 7%, the cost of preferred stock is 10.1%, and the cost of retained earnings is 15%. UBF has retained earnings of $100,000. What is the maximum amount a project can be financed (break point) without issuing new common stock?

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