Question: Homework: Chapter... Question 6, P 13-16 Upd. HW Score: 0%, 0 of 13 points O Points: 0 of 1 Save Pid Company has debt with
Homework: Chapter... Question 6, P 13-16 Upd. HW Score: 0%, 0 of 13 points O Points: 0 of 1 Save Pid Company has debt with a yield to maturity of 5.7% a cost of equity of 13.6%, and a cost of preferred stock of 9.8%. The market values of its debt, preferred stock, and equity are $12.4 million, 53 2 milion, and $13.7 million, respectively, and its tax rate is 25% What is this firm's after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield Pfd's WACC is 1% (Round to two decimal places)
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