Question
Sixx AM Manufacturing has a target debt-equity ratio of 0.59. Its cost of equity is 14 percent, and its cost of debt is 8 percent.
Sixx AM Manufacturing has a target debt-equity ratio of 0.59. Its cost of equity is 14 percent, and its cost of debt is 8 percent. If the tax rate is 39 percent, what is the company's WACC?
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Managerial Accounting The Cornerstone Of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
8th Edition
0357715349, 978-0357715345
