cost of common equity and waccpatton paints, Financial Accounting

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cost of common equity and waccpatton paints

Cost of common equity and WACC

Patton Paints Corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock. Its before-tax cost of debt is 12%, and its marginal tax rate is 40%. The current stock price is Po=$22.50. The last dividend was Do=$2.00, and it is expected to grow at a constant rate of 7%. What is its cost of common equity and its WACC?

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Financial Accounting: cost of common equity and waccpatton paints

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