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Marvelous Company's capital structure is as follows: 60% equity, 40% debt. Its cost of equity is 14% and its cost of debt is 6%. Its
Marvelous Company's capital structure is as follows: 60% equity, 40% debt. Its cost of equity is 14% and its cost of debt is 6%. Its marginal tax rate is 35%. What is Marvelous Company's weighted average cost of capital? Enter the answer as a whole number with 2 decimal places and without signs. For example, if the answer is $20.16, enter 20.16. If the answer is .1075 or 10.75%, enter 10.75
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