Question
Jungle, Inc., has a target debtequity ratio of 0.88. Its WACC is 12 percent, and the tax rate is 32 percent. (Do not include the
| Jungle, Inc., has a target debtequity ratio of 0.88. Its WACC is 12 percent, and the tax rate is 32 percent. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16)) |
| If Jungle's cost of debt is 13.47 percent, the cost of equity is ____ %? |
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
