Question: need helo quickly, will like ! Suppose Microsott has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software industry is
Suppose Microsott has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software industry is 5.0%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6.0% ? The cost of equity is %. (Round to two decimal places.)
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