urgent Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share. It also has $70.2 million

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answerhappygod
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urgent Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share. It also has $70.2 million

Post by answerhappygod »

urgent
Getrich has 1.8 million shares outstanding and a current share
price of $6.8 per share. It also has $70.2 million in outstanding
debt, with a debt cost of capital of 9.6%. Getrich’s equity cost of
capital is 12.7%. If the corporate tax rate is 27.5%, what is
Getrich's weighted average cost of capital? Round your answer to
two decimal places in percentage form.
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