Question
Miller Manufacturing has a target debtequity ratio of .65. Its cost of equity is 16 percent, and its cost of debt is 5 percent. If
| Miller Manufacturing has a target debtequity ratio of .65. Its cost of equity is 16 percent, and its cost of debt is 5 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.) |
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Authors: Thomas McCafferty
3rd Edition
0071484795, 978-0071484794
