Super T Company's balance sheet shows a total of $10 million long-term debt (market value)...
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Super T Company's balance sheet shows a total of $10 million long-term debt (market value) with a interest rate of 12%. The firm's tax rate is 40%. The balance sheet also shows that the company has 10 million shares of stock, and the current stock price is $12.3 per share, and stockholders' required rate of return, rs, is 12.00%. Calculate WACCs based on the market value of debt and stock. (If your answer is 12.34%, please just enter "12.34")
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