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A company has a target debt-to-equity ratio of 1.33.Its WACC is 10.74%, and the tax rate is 32%. If the company's cost of equity is
A company has a target debt-to-equity ratio of 1.33.Its WACC is 10.74%, and the tax rate is 32%. If the company's cost of equity is 16.94%, what is its pre-tax cost of debt?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
