Benjamin manufacturing has a target debt-equity ratio of 64, Financial Management

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Benjamin manufacturing has a target debt-equity ratio of 64

Benjamin Manufacturing has a target debt-equity ratio of .64. Its cost of equity is 13.1 percent, and its cost of debt is 8.1 percent. Required: If the tax rate is 34 percent, what is the company’s WACC?

(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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Financial Management: Benjamin manufacturing has a target debt-equity ratio of 64

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Financial Management: Benjamin manufacturing has a target debt-equity ratio of 64

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