Question
Garcia Inc. with 10 million preferred stock, 60 million equity, and 30 million debt, and with 6.8% cost of preferred stock, 11% cost of equity,
Garcia Inc. with 10 million preferred stock, 60 million equity, and 30 million debt, and with 6.8% cost of preferred stock, 11% cost of equity, and 4.7% before-tax cost of debt with a tax rate of 40% tax rate, what is Garcias WACC?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
