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Apple. has a cost of equity of 11.5 percent and an aftertax cost of debt of 4.35 percent. The company's balance sheet lists long-term debt
Apple. has a cost of equity of 11.5 percent and an aftertax cost of debt of 4.35 percent. The company's balance sheet lists long-term debt of $325,000 and equity of $585,000. The company's bonds sell for 96.1 percent of par and market-to-book ratio is 2.71 times. If the company's tax rate is 39 percent, what is the WACC? Multiple Choice 10.04% 10.97% 10.32% 8.95% 9.50%
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