Question
Appraisal, Inc., has a target debtequity ratio of .55. Its cost of equity is 14 percent, and its cost of debt is 9 percent. If
Appraisal, Inc., has a target debtequity ratio of .55. Its cost of equity is 14 percent, and its cost of debt is 9 percent. If the tax rate is 40 percent, what is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
