Appraisal inc has a target debt-equity ratio of 65 its cost, Financial Management

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Appraisal inc has a target debt-equity ratio of 65 its cost

Appraisal, Inc., has a target debt−equity ratio of .65. Its cost of equity is 13 percent, and its cost of debt is 9 percent. If the tax rate is 40 percent, what is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

WACC %?

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Financial Management: Appraisal inc has a target debt-equity ratio of 65 its cost

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