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Brannan Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 11.5 percent, and its pretax cost of debt is 6.2 percent.
Brannan Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 11.5 percent, and its pretax cost of debt is 6.2 percent. If the tax rate is 25 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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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
