The mcgraw distributors has a cost of equity of 144 percent


The McGraw Distributors has a cost of equity of 14.4 percent and a pre-tax cost of debt of 8.6 percent. The firm's target weighted average cost of capital is 11.6 percent and its tax rate is 37.7 percent. What is the firm's target debt-equity ratio?

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Financial Management: The mcgraw distributors has a cost of equity of 144 percent
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