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Golden Cagle has 1.250 bonds outstanding with a market value of $980 cach. The pretax cost of debt is 7.2 percent. The firm also has
Golden Cagle has 1.250 bonds outstanding with a market value of $980 cach. The pretax cost of debt is 7.2 percent. The firm also has 46.000 shares of common stock outstanding at a price per share of $32 and a octa of 1.21. The risk free rate is 2.4 percent, the market risk premium is 73 percent, and the tax rate is 34 percent. What is the company's WACC? Mtole Choice 8.ns 979 10.54 % o o o o 10.09 9.98%
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