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Sinomial Tree Farm's financing includes $5.3 million of bank loans. Its common equity is shown in Binomial's Annual Report at $6.72 nillion. It has 530,000
Sinomial Tree Farm's financing includes $5.3 million of bank loans. Its common equity is shown in Binomial's Annual Report at $6.72 nillion. It has 530,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $17.80 per share. What lebt ratio should Binomial use to calculate its WACC or asset beta?. (Do not round intermediate calculations. Enter your answer as a ercent rounded to 2 decimal places.)
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