Ripple Wine Merchants has 10,700 shares of stock outstanding at a price per share of $63. The

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Ripple Wine Merchants has 10,700 shares of stock outstanding at a price per share of $63. The risk free rate is 2.8% and the expected market return is 9.8%. Ripple has a beta of 1.59. The company also has 320 bonds outstanding, with s par value of $1000 per bond. The after tax cost of debt is 5.89% and the bonds sell for 93.6% of par. What is the firms WACC if the tax rate is 21%?

Posted Date: May 18, 2024 08:13 AM

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Ripple Wine Merchants has 10,700 shares of stock outstanding at a price per share of $63. The

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