A company has 1 million in debt and 2 million in equity the


A company has $1 million in debt and $2 million in equity. The interest rate on its debt is 5%, and the required rate of return on its equity is 15%. Its effective tax rate is 30%. What is its weighted average cost of capital (WACC)?

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Financial Management: A company has 1 million in debt and 2 million in equity the
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