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pls solve asap Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $3.00 last year to its
pls solve asap
Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the dividend annually at the rate of 4.0%. It currently has 2,000,000 common shares outstanding. The shares currently sell for $19 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 10%, a maturity of 28 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 7%. What is the weighted average cost of capital (WACC) for Easy Car Corp. if the corporate tax rate is 30%? When answering this problem enter your answer using percentage notation but do not use the % symbol and use two decimals (rounding). For example, if your answer is 0.10469 then enter 10.47; if your answer is 10% then enter 10.00 Your Step by Step Solution
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