Question
Bento, Inc., has a target debt-equity ratio of .65. Its cost of equity is 13 percent, and its cost of debt is 9 percent. If
Bento, Inc., has a target debt-equity ratio of .65. Its cost of equity is 13 percent, and its cost of debt is 9 percent. If the tax rate is 23 percent, what is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
