If a firm has a cost of debt of 6% (with a market value of...
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Finance
If a firm has a cost of debt of 6% (with a market value of debt outstanding equal to $4.9,000,000) and a cost of equity of 14% (with a current stock price of $10.5 and 2.0,000,000 shares outstanding), what is the firm's weighted average after-tax cost of capital (given a 30% tax rate)? (answer in PERCENT, but without the percent sign, e.g. "10.2" is 10.2%)
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