Percys cfo estimates that the companys wacc is 1410 what is, Financial Management

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Percys cfo estimates that the companys wacc is 1410 what is

Percy Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 12%, and its tax rate is 40%. Percy's CFO estimates that the company's WACC is 14.10%. What is Percy's cost of common equity? Round your answer to two decimal places.

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Financial Management: Percys cfo estimates that the companys wacc is 1410 what is

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