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Remains of the Day has a cost of equity of 1072 percent, a pretax cost of debt of 5.39 percent, and a tax rate of
Remains of the Day has a cost of equity of 1072 percent, a pretax cost of debt of 5.39 percent, and a tax rate of 35 percent. The company's capital structure consists of 74 percent debt on a book value basis, but debt is 34 percent of the company's value on a market value basis. What is the company's WACC? Multiple Choice 1112 8.27 8.9 723 son
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