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Following is the financial statements data for XYZ Corporation: XYZ Corp $24,848 $12,348 13% Total Assets Interest-Bearing Debt Average borrowing rate for debt Common Equity:
Following is the financial statements data for XYZ Corporation: XYZ Corp $24,848 $12,348 13% Total Assets Interest-Bearing Debt Average borrowing rate for debt Common Equity: Market Value Marginal Income Tax Rate Market Beta $26,504 35% 1.64 Based on the information above, what is the weight on equity capital that you can use to calculate the firm's weighted average cost of capital (WACC) (Write your answer in percent, omit the "%" sign, and round your answer to two decimal places. For example, if your answer is 0.538, type in 53.80)
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