Question
Rainbow in the Dark Manufacturing has a target debt-equity ratio of 0.65. Its cost of equity is 14.0 percent, and its cost of debt is
Rainbow in the Dark Manufacturing has a target debt-equity ratio of 0.65. Its cost of equity is 14.0 percent, and its cost of debt is 9.0 percent. Required: If the tax rate is 33 percent, what is the companys WACC? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) WACC: %
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Financial Instability Toolkit For Interpreting Boom And Bust Cycles
Authors: V. D'Apice, G. Ferri
1st Edition
023024811X, 9780230248113
