Question
Cullumber Dynamics finances its operations with $27,440,000 in debt and $50,960,000 in stockholders equity. The debt carries a 7.00% interest rate, and stockholders require a
Cullumber Dynamics finances its operations with $27,440,000 in debt and $50,960,000 in stockholders equity. The debt carries a 7.00% interest rate, and stockholders require a 14% return. What is Cullumbers weighted-average cost of capital? (Round computations and answer to 2 decimal place, e.g. 5.12%.)
| Weighted-average cost of capital | enter the weighted-average cost of capital in percentages rounded to 2 decimal places % |
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
