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Business, 19.12.2019 23:31 bain80

Skolits corp. has a cost of equity of 11.8 percent and an aftertax cost of debt of 4.44 percent. the company's balance sheet lists long-term debt of $340,000 and equity of $600,000. the company's bonds sell for 104.1 percent of par and market-to-book ratio is 2.80 times. if the company's tax rate is 39 percent, what is the wacc?

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