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Jake's Sound Systems has an after-tax cost of debt of 5 percent and a cost of equity of 11 percent, The company's tax rate is
Jake's Sound Systems has an after-tax cost of debt of 5 percent and a cost of equity of 11 percent, The company's tax rate is 40%. If the firm wants to have a weighted average cost of capital of 955, what percentage of equity is needed for the firm to achieve its targeted weighted average cost of capital? 50% 71% 67.5% 67%
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