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GoFigure Inc. is looking to acquire a small competitor.The market value of GoFigure's common stock is $150 million and the market value of their debt
GoFigure Inc. is looking to acquire a small competitor.The market value of GoFigure's common stock is $150 million and the market value of their debt is $351 million. Analysts have calculated the cost of common equity to be 18.2% and the cost of debt to be 10.7%.If the marginal tax rate of GoFigure Inc. is 34%, then what is the weighted average cost of capital?
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