Tafkap industries has three million shares of common stock, Financial Management

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Tafkap industries has three million shares of common stock

TAFKAP Industries has three million shares of common stock outstanding selling at $17 per share. The company recently paid a dividend of $1 and has a growth rate of 5%. The company also has an issue of $20 million (face value) in 7.5 percent, annual coupon bonds with a maturity of 15 years, selling at $1060. The company has no preferred stock. If TAFKAP’s weighted average tax rate is 34 percent, what is TAFKAP’s WACC?

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Financial Management: Tafkap industries has three million shares of common stock

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Financial Management: Tafkap industries has three million shares of common stock

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