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Cloudy Inc. provides the following information. The firm has 21% tax rate. What is their cost of capital? Source of Capital Amount Before-tax Cost Long-term
Cloudy Inc. provides the following information. The firm has 21% tax rate. What is their cost of capital?
Source of Capital | Amount | Before-tax Cost |
Long-term Debt | $40,000 | 10% |
Common stock | $60,000 | 15% |
Question 4 options:
| 14.90% |
| 13% |
| 16% |
| 12.16% |
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