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Wentworth's Five and Dime Store has a cost of equity of 12.4 percent. The company has an aftertax cost of debt of 4.7 percent, and
Wentworth's Five and Dime Store has a cost of equity of 12.4 percent. The company has an aftertax cost of debt of 4.7 percent, and the tax rate is 21 percent. If the company's debt-equity ratio is .84, what is the weighted average cost of capital?
Can someone help me solve this without using excel please. We aren't allowed to use excel in class unfortunately.
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