Wing Air, Inc. has a target capital structure of 60% percent common stock and 40%...
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Finance
Wing Air, Inc. has a target capital structure of 60% percent common stock and 40% percent debt. It's cost of equity is 12% percent and cost of debt is 5% percent. The tax rate is 40% percent. What is Wing Air's weighted average cost of capital?
| Common stock | 60% |
| Debt | 40% |
| Cost of equity | 12% |
| Cost of debt | 5% |
| Tax rate | 40% |
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