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Williams, Inc., has compiled the following information on its financing costs: Types of Financing Book Value Market Value Cost Short-term debt $10,278,485 $17,634,562 4.9% Long-term
Williams, Inc., has compiled the following information on its financing costs:
Types of Financing | Book Value | Market Value | Cost |
Short-term debt | $10,278,485 | $17,634,562 | 4.9% |
Long-term debt | $23,749,984 | $29,539,588 | 7% |
Common Stock | $9,353,188 | $59,605,481 | 14.9% |
The company is in the 31% tax bracket.
What is the company's weighted average cost of capital using book value weights?
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