Branson Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 10 percent,...

Transcribed Image Text:

Branson Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 10 percent, and its pretax cost of debt is 6 percent. If the tax rate is 21 percent, what is the company's WACC? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. WACC % Branson Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 10 percent, and its pretax cost of debt is 6 percent. If the tax rate is 21 percent, what is the company's WACC? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. WACC %