Question
Sixx AM Manufacturing has a target debtequity ratio of 0.66. Its cost of equity is 17 percent, and its cost of debt is 10 percent.
Sixx AM Manufacturing has a target debtequity ratio of 0.66. Its cost of equity is 17 percent, and its cost of debt is 10 percent. If the tax rate is 34 percent, what is the company's WACC? Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16, not 0.3216. ______%
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
