Its cost of equity is 14 percent and its cost of debt is 5, Financial Management

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Its cost of equity is 14 percent and its cost of debt is 5

Appraisal, Inc., has a target debt−equity ratio of .35. Its cost of equity is 14 percent, and its cost of debt is 5 percent. If the tax rate is 38 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: Its cost of equity is 14 percent and its cost of debt is 5

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Financial Management: Its cost of equity is 14 percent and its cost of debt is 5

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