Question
Miller Manufacturing has a target debt-equity ratio of .60. Its cost of equity is 18% and its cost of debt is 10%. If the
Miller Manufacturing has a target debt-equity ratio of .60. Its cost of equity is 18% and its cost of debt is 10%. If the tax rate is 35%, what is Miller's WACC?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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