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Styrene Polymers (U.S.). Styrene Polymers, Inc., a U.S. medical plastics manufacturer, has the following debt components in its consolidated capital section, Styrene's shareholders' equity is
Styrene Polymers (U.S.). Styrene Polymers, Inc., a U.S. medical plastics manufacturer, has the following debt components in its consolidated capital section, Styrene's shareholders' equity is $60,000,000 and its finance staff estimates their cost of equity to be 17.0%. Current exchange rates are also listed in the table. Income taxes are 30% around the world after allowing for credits. Calculate Styrene's weighted average cost of capital. Are any assumptions implicit in your calculation?
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