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Sasseneech Inc. uses no preferred stock. Their capital structure uses 43% debt (hint: the rest is equity). Their marginal tax rate is 30.03%. Their before-tax
Sasseneech Inc. uses no preferred stock. Their capital structure uses 43% debt (hint: the rest is equity). Their marginal tax rate is 30.03%. Their before-tax cost of debt is 5.47%. Sasseneech's 's stock is expected to pay a dividend per share of $1.3 next year, and their dividend is expected to grow at 7.82% over the long-run. Their stock currently trades at $13.78 per share. What is Sasseneech's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87)
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