Question: Problem 3 * Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4%

Problem 3 * Intro Munich Re Inc. is expected to pay

Problem 3 * Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $71 a share. The before-tax cost of debt is 7% and the tax rate is 34%. The target capital structure consists of 70% debt and 30% equity. Attempt 1/5 for 2 pts. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit

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