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please show your work quity ratio is .70, what is the weighted average cost of capital MC algo 1 7 D E And W Wentworth's

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quity ratio is .70, what is the weighted average cost of capital

MC algo 1 7 D E And W Wentworth's Five and Dime Store has a cost of equity of 10.9 percent. The company has an aftertax cost of debt of 4.6 percent, and the tax rate is 21 percent. If the company's debt- equity ratio is .70, what is the weighted average cost of capital?

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