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

Your boss, whose background is in financial planning, is concerned about the companys 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 companys WACC to 15.00%. If the cost of the companys equity capital is 6% and the cost of debt financing is 29.00%, 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.

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