Tomo's Corpt has a weighted average cost of capital (WACC) of 9.6 percent. The company's cost of
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Tomo's Corpt has a weighted average cost of capital (WACC) of 9.6 percent. The company's cost of equity is 12 percent. And its pretax cost of debt is7.9 percent. The tax rate of the company is 35%, what is the company's debt-equity ratio?
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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