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i need help please. Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax
i need help please.
Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 13%, and its marginal tax rate is 25%. The current stock price is Po = $22.00. The last dividend was Do = $2.25, and it is expected to grow at a 4% constant rate. What Is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places is % WACC % Step by Step Solution
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