The Black Bird Company plans an expansion. The expansion is to be financed by selling $119 million

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The Black Bird Company plans an expansion. The expansion is to be financed by selling $119 million in new debt and $65 million in new common stock. The before-tax required rate of return on debt is 5.81% percent and the required rate of return on equity is 18.82% percent. If the company is in the 34 percent tax bracket, what is the weighted average cost of capital?

Round the answer to two decimal places in percentage form

Posted Date: May 16, 2024 04:04 PM

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The Black Bird Company plans an expansion. The expansion is to be financed by selling $119 million

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