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Business, 02.08.2019 21:20 Buttercream16

Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to fund it. its common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of $2.78 at the end of next year. flotation costs will represent 8% of the funds raised by issuing new common stock. the company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25%. what will be the wacc for this project? 11.42% (note: round your intermediate calculations to two decimal places.)

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Kuhn does not have any retained earnings available to finance this project, so the firm will have to...
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