Question
Kountry Kitchen has a cost of equity of 11.4 percent, a pretax cost of debt of 6 percent, and the tax rate is 21 percent.
Kountry Kitchen has a cost of equity of 11.4 percent, a pretax cost of debt of 6 percent, and the tax rate is 21 percent. If the company's WACC is 8.83 percent, what is its debt-equity ratio?
Multiple Choice
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.34
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.65
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1.49
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1.92
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.63
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
