Question: Cinco De Mayo has a target debt-equity ratio of 0.59. (Hint: if you're not sure what to do about debt-equity ratio, watch my YouTube video

Cinco De Mayo has a target debt-equity ratio of 0.59. (Hint:

Cinco De Mayo has a target debt-equity ratio of 0.59. (Hint: if you're not sure what to do about "debt-equity ratio", watch my YouTube video on that topic!) The yield to maturity on its bonds is 10 percent. Its cost of equity is 20 percent. The corporate income tax rate is 35 percent. Calculate the WACC for this company. Multiple Choice 14.24% 14.99% 11.51% 12.04% 15.74%

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