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Brannan Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 11.9 percent, and its pretax cost of debt is 6.6 percent.
| Brannan Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 11.9 percent, and its pretax cost of debt is 6.6 percent. If the tax rate is 24 percent, what is the companys WACC? |
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
