Question
Mullineaux Corporation has a target capital structure of 75% common stock and 25% debt. It's cost of equity is 12.5%, and the cost of debt
Mullineaux Corporation has a target capital structure of 75% common stock and 25% debt. It's cost of equity is 12.5%, and the cost of debt is 7.2%. The relevant tax rate is 25%. What is the company's WACC? (Don't round intermediate calculations and round percent to 2 decimal places)
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
