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  3. the callaway company's cost of equity is 22%. its

The Callaway Company's cost of equity is 22%. Its before-tax cost of debt is 13%,...

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Accounting

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The Callaway Company's cost of equity is 22%. Its before-tax cost of debt is 13%, and its marginal tax rate is 25%. The firm's capital structure calls for a debt-to-equity ratio of 45%. Calculate Callaway's cost of capital

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