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The following data pertains to Zonk Corp., a manufacturer of ball bearings (dollar amounts in millions): Total assets Interest-bearing debt Average pre-tax borrowing cost
The following data pertains to Zonk Corp., a manufacturer of ball bearings (dollar amounts in millions): Total assets Interest-bearing debt Average pre-tax borrowing cost Common equity: Book value Market value Income tax rate Market equity beta Answered Correctly $37,460 $3,600 8.0% $2,950 $14,000 35% 1.10 Using the above information, calculate Zonk's weighted-average cost of capital:
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
7th Edition
9780324789423, 324789416, 978-0324789416
