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Rainbow in the Dark Manufacturing has a target debt-equity ratio of 0.66. Its cost of equity is 15.0 percent, and its cost of debt is
| Rainbow in the Dark Manufacturing has a target debt-equity ratio of 0.66. Its cost of equity is 15.0 percent, and its cost of debt is 7.0 percent. |
| Required: |
| If the tax rate is 35 percent, what is the companys WACC? |
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Financial Management For Farmers And Rural Managers
Authors: Martyn Warren
4th Edition
0632048719, 9780632048717
