Fields & Company expects its EBIT to be $ 1 3 1 , 0 0 0 every
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Question:
Fields & Company expects its EBIT to be $ every year forever. The firm can borrow at percent. The company currently has no debt, and its cost of equity is percent and the tax rate is percent. The company borrows $ and uses the proceeds to repurchase shares.
a
What is the cost of equity after recapitalization? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the WACC? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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