Question
Miller Manufacturing has a target debtequity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 6 percent. If
Miller Manufacturing has a target debtequity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 6 percent. If the tax rate is 34 percent, what is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
WACC %
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
