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28. (10) The cost of equity of Country Road Industries is 10.24%. The stock sells for $38 per share and there are 120,000 shares outstanding.

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28. (10) The cost of equity of Country Road Industries is 10.24%. The stock sells for $38 per share and there are 120,000 shares outstanding. Other than common stock, Country Road Industries also has $99,450,000 market value bonds outstanding, the after-tax cost of which is 2.46%. What is Country Road Industries' after-tax value-weighted cost of capital? 29. 20 28. (10) The cost of equity of Country Road Industries is 10.24%. The stock sells for $38 per share and there are 120,000 shares outstanding. Other than common stock, Country Road Industries also has $99,450,000 market value bonds outstanding, the after-tax cost of which is 2.46%. What is Country Road Industries' after-tax value-weighted cost of capital

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