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% a

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

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 $70 a share. The before-tax cost of debt is 6% and the tax rate is 34%. The target capital structure consists of 20% debt and 80% equity. Part 1 Attempt 1/5 for 5 pts. What is the company's weighted average cost of capital? 3+ decimals Submit

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