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David Ortiz motors has a target capital structure of 40% debt and 60% equity. The...

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Finance

David Ortiz motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company outstanding bonds is 8% and the company tax rate is 25%. Ortiz cfo has calculated the company wacc as 10.2%. What is the company cost of equity capital?

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