Question 12 Not yet answered Points out of 5.00 Timelett 12649 GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE % SIGN, BUT FORMATTED AS PERCENT WITH TWO DECIMAL PLACES, for instance if you compute 0.03468 interest rate on your calculator then ENTER 3 A7 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far oft. Mooing Rainbow, Inc. is a large established producer of dairy products. The company currently pays 2% interest rate on its debt, its cost of equity is 11%, and it faces an effective tax rate of 23%. The company's most recent filings reveal that it has 68 million common equity shares and 34 million bonds outstanding. The current market price of 1 share of the company's common stock is $668, and the current market price of 1 of the company's bonds is $975. Calculate Mooing Rainbow's Weighted Average Cost of Capital (WACC). Flag question Answer: Finish att Previous page Trine Online Accessibility Statements DOLL