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A company's market value of equity is $12,150,000 and its publicly traded debt sells for 95% of face value. The company's book value of equity
A company's market value of equity is $12,150,000 and its publicly traded debt sells for 95% of face value. The company's book value of equity is $15,000,000 and its book value of debt is $3,000,000. If using capital structure weights to compute the company's WACC, what weighting should be used for debt financing? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.
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