Question: Using the information from the table, determine the weight on equity capital that should be used to calculate Day-Brites's weighted-average cost of capital: Day-Brite Interest-Bearing

Using the information from the table, determine the weight on equity capital that should be used to calculate Day-Brites's weighted-average cost of capital: Day-Brite Interest-Bearing Debt $10,124 Average borrowing rate for debt 6.2% Common Equity: Book Value $18,120 Market Value $25,700 Marginal Income Tax Rate 32% Market Equity Beta 1.23

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