Question
Bento, Inc., has a target debt-equity ratio of .70. Its cost of equity is 14 percent, and its cost of debt is 6 percent. If
Bento, Inc., has a target debt-equity ratio of .70. Its cost of equity is 14 percent, and its cost of debt is 6 percent. If the tax rate is 24 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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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
