Question: please answer to the nearest whole number Back to Assignment Attempts Keep the Highest / 1 4. Problem 9-08 (WACC) ebook Problem Walk-Through WACC David

please answer to the nearest whole number

Back to Assignment Attempts Keep the Highest / 1 4. Problem 9-08 (WACC) ebook Problem Walk-Through WACC David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to matunity on the company's outstanding bonds is 9%, and the company's tax rate is 25%. Ortiz's CFO has calculated the company's WACC as 99. What is the company's cost of equity capital? Round your answer to the nearest whole number Grade It Now Save & Continue Continue without saving

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