Acetate, inc., has equity with a market value of $22 million and debt with a market value of $11 million. the cost of debt is 8 percent per year. treasury bills that mature in one year yield 4 percent per year, and the expected return on the market portfolio is 10 percent. the beta of acetate’s equity is 1.05. the firm pays no taxes.

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.