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Calgon Company has a cost of equity of 12.2 percent, a pretax cost of debt of 4.5 percent, and a tax rate of 21 percent.
Calgon Company has a cost of equity of 12.2 percent, a pretax cost of debt of 4.5 percent, and a tax rate of 21 percent. The company's capital structure consists of debt as 45 percent of the compamys yalue on a market value basis. What is the company's WACC? Convert to a percentage and round to one place past the decimal point. Numeric Response
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