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Cleveland Company's information is below: Interest rate on debt capital Cost of equity capital Market value of debt capital Market value of equity capital Income
Cleveland Company's information is below: Interest rate on debt capital Cost of equity capital Market value of debt capital Market value of equity capital Income tax rate 8% 15% $50 million $80 million 30% On the basis of this information, its weighted-average cost of capital is closest to: 10.2%. 11.4%. 12.3%
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