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A firm has a target debt-to-equity ratio of 0.5. Its cost of equity equals 12 percent, the cost of debt is 8 percent, and the
A firm has a target debt-to-equity ratio of 0.5. Its cost of equity equals 12 percent, the cost of debt is 8 percent, and the tax rate is 30 percent. What is the weighted average cost of capital (WACC)? a. 11.5 percent. O b.9.9 percent. O c. 10.8 percent. O d. 8.8 percent
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