Hat debt ratio should binomial use to calculate its wacc or, Financial Management

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Hat debt ratio should binomial use to calculate its wacc or

Binomial Tree Farm’s financing includes $6.2 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.79 million. It has 620,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16.80 per share. What debt ratio should Binomial use to calculate its WACC or asset beta?. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt ratio

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