Question
Sixx AM Manufacturing has a target debt-equity ratio of 0.44. Its cost of equity is 14 percent, and its cost of debt is 5 percent.
Sixx AM Manufacturing has a target debt-equity ratio of 0.44. Its cost of equity is 14 percent, and its cost of debt is 5 percent. If the tax rate is 45 percent, what is the company's WACC?
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
