Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total
Posted: Wed Jul 06, 2022 6:41 pm
Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is 25%, r = 6%, r = = 5.8%, and r, 12%. If Shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC? ps