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The following information is gleaned from the financial statement of Quackenbush Inc.: Beta of common stock = 1.4 Treasury bill rate = 4.50% Market risk
The following information is gleaned from the financial statement of Quackenbush Inc.: Beta of common stock = 1.4 Treasury bill rate = 4.50% Market risk premium = 8% Yield to maturity on long-term debt = 7% Book value of equity = $330 million Market value of equity = $660 million Long-term debt outstanding = $660 million Corporate tax rate = 21% What is the company's WACC? Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer %[a1]: 
The following information is gleaned from the financial statement of Quackenbush Inc: Beta of common stock =1.4 Treasury bill rate =4.50% Market risk premium =8% Yield to maturity on long-term debt =7% Book value of equity =$330 million Market value of equity =$660 million Long-term debt outstanding =$660 million Corporate tax rate =21% What is the company's WACC? Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer \%[a1]
The following information is gleaned from the financial statement of Quackenbush Inc.: Beta of common stock = 1.4 Treasury bill rate = 4.50% Market risk premium = 8% Yield to maturity on long-term debt = 7% Book value of equity = $330 million Market value of equity = $660 million Long-term debt outstanding = $660 million Corporate tax rate = 21% What is the company's WACC? Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer %[a1]:
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