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TAFKAP Industries has 3 million shares of stock outstanding selling at $15 per share, and an issue of $20 million in 8.5 percent annual coupon
TAFKAP Industries has 3 million shares of stock outstanding selling at $15 per share, and an issue of $20 million in 8.5 percent annual coupon bonds with a maturity of 10 years, selling at 104 percent of par. Assume TAFKAPs weighted average tax rate is 34 percent and its cost of equity is 14.0 percent. |
What is TAFKAPs WACC?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.) |
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