Question
Miller Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 4 percent. If
Miller Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 4 percent. If the tax rate is 34 percent, what is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
