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Munding Corp. has debt with a market value of $23 million and equity with a market value of $58 million. Its pre-tax cost of
Munding Corp. has debt with a market value of $23 million and equity with a market value of $58 million. Its pre-tax cost of debt is 4.7% and its cost of equity is 13%. The firm's marginal tax rate is 21%. What is the company's weighted average cost of capital?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
