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%. c) 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%.
c) If the firm converts to 40% debt, what will its cost of equity be? (Enter your answer as a percent rounded to 2 decimal places)
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
