Getrich has 3.9 million shares outstanding and a current
share price of $5.3 per share. It also has $51.7 million in
outstanding debt, with a debt cost of capital of 2.6%. Getrich’s
equity cost of capital is 19.7%. If the corporate tax rate is
35.3%, what is Getrich's weighted average cost of capital? Round
your answer to two decimal places in percentage form.
Getrich has 3.9 million shares outstanding and a current share price of $5.3 per share. It also has $51.7 million in out
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answerhappygod
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Getrich has 3.9 million shares outstanding and a current share price of $5.3 per share. It also has $51.7 million in out
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