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Caddie Manufacturing has a target debt??equity ratio of .65. Its cost of equity is 12 percent, and its pretax cost of debt is 7 percent.
Caddie Manufacturing has a target debtâ??equity ratio of .65. Its cost of equity is 12 percent, and its pretax cost of debt is 7 percent. If the tax rate is 22 percent, what is the company's WACC? (...
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
