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Johnston Company has cost of equity of 15%, cost of debt of 10%, and a debt-to-equity ratio of 1.5. The marginal tax rate is 25%.
Johnston Company has cost of equity of 15%, cost of debt of 10%, and a debt-to-equity ratio of 1.5. The marginal tax rate is 25%. What is the WACC?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
