Tulloch manufacturing has a target debtequity ratio of 61, Financial Management

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Tulloch manufacturing has a target debtequity ratio of 61

Tulloch Manufacturing has a target debt–equity ratio of .61. Its cost of equity is 13.4 percent, and its pretax cost of debt is 8.4 percent. If the tax rate is 40 percent, what is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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Financial Management: Tulloch manufacturing has a target debtequity ratio of 61

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Financial Management: Tulloch manufacturing has a target debtequity ratio of 61

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