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please show excel formulas Grateway Inc has a corporate cost of capital of 11.5 percent. Its target capital structure Is 55 percent equity and 45
please show excel formulas
Grateway Inc has a corporate cost of capital of 11.5 percent. Its target capital structure Is 55 percent equity and 45 percent debt. The before-tax cost of debt is 9 percent, and the company's tax rate is 30 percent. If the expected dividend next period (D1) and current stock price are $5 and $45, respectively, what is the company's growth rate? Hint: First solve for the cost of equity R(Re) Step by Step Solution
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