Lannister manufacturing has a target debtminusequity ratio, Financial Management

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Lannister manufacturing has a target debtminusequity ratio

Lannister Manufacturing has a target debt−equity ratio of .55. Its cost of equity is 15 percent, and its cost of debt is 7 percent. If the tax rate is 35 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: Lannister manufacturing has a target debtminusequity ratio

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