Suppose that MNINK Industries capital structure features 65 percent equity, 6 percent preferred stock, and...
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Suppose that MNINK Industries capital structure features 65 percent equity, 6 percent preferred stock, and 29 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 11.60 percent, 9.50 percent, and 9.00 percent, respectively.
| What is MNINKs WACC if the firm faces an average tax rate of 34 percent? |
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