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The following data pertains to Mannie Corp. Calculate Mannie's cost of debt capital. Mannie Corp. Total Assets $14,680 Interest-Bearing Debt $ 9,124 Avg. borrowing rate

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The following data pertains to Mannie Corp. Calculate Mannie's cost of debt capital. Mannie Corp. Total Assets $14,680 Interest-Bearing Debt $ 9,124 Avg. borrowing rate for debt 8.5% Common Equity Book Value $5,120 Market Value $25,700 Marginal Income Tax Rate 37% Market Equity Beta 1.44 54% O 11.5% 10.0% O 7.2%

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