A firm has debt of 23200 equity of 43500 an aftertax cost
A firm has debt of $23,200, equity of $43,500, an aftertax cost of debt of 7.14 percent, a cost of equity of 12.8 percent, and a tax rate of 35 percent. What is the firm's weighted average cost of capital?
8.87%
9.96%
10.05%
7.94%
10.83%
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