The following information relates to the capital structure of Happy Homes Ltd. Capital structure Value...
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The following information relates to the capital structure of Happy Homes Ltd. Capital structure Value (R) Pre-tax cost of capital Ordinary share capital 150 000 14% Preference share capital 20 000 18% Long-term debt 30 000 23% Calculate the Weighted Average Cost of Capital (WACC) of Happy Homes Ltd, which has an average tax rate of 28%. WACC = %
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