Question
Shadow Corp has no debt but can borrow at 6.9%. The firms WACC is currently 8.7%, and the tax rate is 23%. b) If the
Shadow Corp has no debt but can borrow at 6.9%. The firms WACC is currently 8.7%, and the tax rate is 23%.
b) If the firm converts to 35% debt, what will its cost of equity be? (Enter your answer as a percent rounded to 2 decimal places)
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Investing From Scratch A Handbook For The Young Investor
Authors: James Lowell
1st Edition
014303684X, 978-0143036845
