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I don't have a financial calculator. Can the problem be solved using simple math? Without excel? 4. What is Pure Michigan's Cost of Capital (WACC)?

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I don't have a financial calculator. Can the problem be solved using simple math? Without excel?
image text in transcribed
4. What is Pure Michigan's Cost of Capital (WACC)? Their marginal tax rate = 30.0% 1. before tax cost of debt=8.46%. 2 cost of preferred Stock 6.06% 3. cost of equity 15.99% 4. 4. What is Pure Michigan's Cost of Capital (WACC)? Their marginal tax rate = 30.0% 1. before tax cost of debt=8.46%. 2 cost of preferred Stock 6.06% 3. cost of equity 15.99% 4

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