The target capital structure for Jowers Manufacturing is 47% common stock, 10% preferred stock, and 43% debt. If the cost of common equity for the firm is 19.5% the cost of the prefered stock is 11.3%, and the beforetax cost of debt is 10.2%, what is Jowers Cost of Capital? The firm’s tax rate is 34%.
Jowers WACC is what percent? (Round three decimal places.)
- 7 years ago
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