Question: Your boss, whose background is in financial planning, is concerned about the company's high weighted average cost of capital ( WACC ) of 2 6

Your boss, whose background is in financial planning, is concerned about the company's high weighted average cost of capital (WACC) of 26.00%. He has asked you to determine what combination of debt-equity financing would lower the company's WACC to 17.00%. If the cost of the company's equity capital is 6% and the cost of debt financing is 26.00%, what debt-equity mix would you recommend? (Round the final answers to three decimal places.)
The debt-equity mix should be debt and ,% equity financing.
 Your boss, whose background is in financial planning, is concerned about

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