Question
Galt Industries has no debt, total equity capitalization of $850 million, and an equity beta of 1.4. Included in Galt's assets is $70 million in
Galt Industries has no debt, total equity capitalization of $850 million, and an equity beta of 1.4. Included in Galt's assets is $70 million in cash and risk-free securities. Assume the risk-free rate is 4% and the market risk premium is 7%. Galt's WACC is closest to:
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
