Tata Group, a multinational conglomerate company from India is planning to raise capital by issuing...
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Accounting
Tata Group, a multinational conglomerate company from India is planning to raise capital by issuing financial securities. The companys board of directors agree to issue 70% of securities for the equity capital and the balance is debt capital. If the companys after-tax cost of debt capital and cost of equity capital are 6% and 8% respectively. Calculate the weighted average cost of capital (WACC).
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