Question: Assignment Score: 27.27% ens Problem 11-08 (WACC) Save Submit Assignment for Grading Question 5 of 11 Check My Work eBook Problem Walk-Through WACC David Ortiz

Assignment Score: 27.27% ens Problem 11-08 (WACC) Save Submit Assignment for

Assignment Score: 27.27% ens Problem 11-08 (WACC) Save Submit Assignment for Grading Question 5 of 11 Check My Work eBook Problem Walk-Through WACC David Ortiz Motors has a target capital structure of 35% debt and 65% equity. The yield to maturity on the company's outstanding bonds is 9%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 11.63%. What is the company's cost of equity capital? Round your answer to two decimal places. 2 14 8 % Hide Feedback Incorrect Check My Work 8:47 PM 03/25/20

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