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Higher gearing minimizes the WACC, but It's not at all usually the case. Sometimes the debt funding is superior adequate that case the rise in the expense of equity nullify the debt funding effect on WACC or in some cases it raises the WACC in case of higher debt https://hbr-case-study-analysis38487.blogolize.com/everything-about-mba-case-study-help-73585504

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