Question: Back to Assignment Attempts Keep the Highest / 1 4. Problem 9-08 (WACC) eBook Problem Walk-Through WACC David Ortiz Motors has a target capital structure

Back to Assignment Attempts Keep the Highest / 1 4. Problem 9-08 (WACC) eBook Problem Walk-Through WACC David Ortiz Motors has a target capital structure of 30% debt and 70% equity. The yield to maturity on the company's outstanding bonds is 8%, and the company's tax rate is 25%. Ortiz's CFO has calculated the company's WACC as 8.8%. What is the company's cost of equity capital? Round your answer to the nearest whole number. % Grade it Now Save & Continue Continue without saving

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