Question: SHOW YOUR COMPLETE SOLUTION AND WRITE YOUR SOLUTION ON A PAPER. Problem 9: The Up-and-Down company has a cost of equity of 12.2%, a cost

SHOW YOUR COMPLETE SOLUTION AND WRITE YOUR SOLUTION ON A PAPER. Problem 9: The Up-and-Down company has a cost of equity of 12.2%, a cost of debt of $.6%, and a marginal tax rate of 40%. The current market value of its debt is P10 million and the current market value of its equity is P25 million. a. What is Up-and-Down's weighted average cost of capital? b. What would be the company's WACC if the amount of debt used was P20 million and equity was P15 million

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