Croft Corporation has a target capital structure of 80 percent common stock and 20 percent debt....
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Croft Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 12 percent, and the cost of debt is 8 percent. The relevant tax rate is 25 percent. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC % Croft Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 12 percent, and the cost of debt is 8 percent. The relevant tax rate is 25 percent. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %
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Related Book For
Corporate Finance
ISBN: 9781259270116
8th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
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