Sixx AM Manufacturing has a target debt equity ratio
| Sixx AM Manufacturing has a target debt—equity ratio of 0.61. Its cost of equity is 20 percent, and its cost of debt is 9 percent. If the tax rate is 32 percent, what is the company’s WACC? |
Multiple Choice
- 14%
- 11.38%
- 11.53%
- 15.48%
- 14.74%
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