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Brannan Manufacturing has a target debt-equity ratio of .65 . Its cost of equity is 12.7 percent, and its pretax cost of debt is 7.7
Brannan Manufacturing has a target debt-equity ratio of .65 . Its cost of equity is 12.7 percent, and its pretax cost of debt is 7.7 percent. If the tax rate is 25 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Step by Step Solution
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
