GAI LLC has a cost of equity of 19.69 percent. The company has a cost of debt of 4.33 percent, and the tax rate is 31 percent. If the company's debt-equity ratio is 1.18, what is the weighted average cost of capital? Enter your answer as a percentage rounded to 2 decimal places, but leave out the "%" sign.

Answer rating: 100% (QA)

E market value of the equity To calculate the Weighted Average Cost of Capital WA... View the full answer