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Please Explain how to deal with the Debt-Equity ratio step by step Blitz Industries has a debt-equity ratio of .9. Its WACC is 8.8 percent,
Please Explain how to deal with the Debt-Equity ratio step by step
Blitz Industries has a debt-equity ratio of .9. Its WACC is 8.8 percent, and its cost of debt s 6.3 percent. The corporate tax rate is 25 percent. What is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Step by Step Solution
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