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A company has a target debt-equity ratio of 0.69. (Hint: if you're not sure what to about debt-equity ratio watch my YouTube video (https://youtu.be/BAipMtb6N9K) that

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A company has a target debt-equity ratio of 0.69. (Hint: if you're not sure what to about "debt-equity ratio" watch my YouTube video (https://youtu.be/BAipMtb6N9K) that topic! It is also posted in "Step 6" of this week's folder on Blackboard.) The yield maturity on its bonds is 12 percent. Its cost of equity is 21 percent. The corporate incor tax rate is 35 percent. Calculate the WACC for this company

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