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TTT is a cell phone company in Atlanta. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the
TTT is a cell phone company in Atlanta. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the dividend annually at 4.0%. It has 600,000 shares outstanding. The shares currently sel or $20 per share. TTT has 20.000 se annual bonds outstanding it a coupon ate of 7.5%, a maturity of 16 years, and a par alue of S1,000. The bonds cu en y have a yield to maturity YTM of 6% per bond. What is the adjusted WACC for if the corporate tax rate is 30%? what is the adjusted WACC for TTT if the corporate tax rate is 30%? Round to two decimal places
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