Assume the appropriate weighted average tax rate is 34, Financial Management

Assume the appropriate weighted average tax rate is 34

Suppose that TapDance, Inc.’s, capital structure features 70 percent equity, 30 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 14 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be TapDance’s WACC? (Round your answer to 2 decimal places.)

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Financial Management: Assume the appropriate weighted average tax rate is 34

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Financial Management: Assume the appropriate weighted average tax rate is 34

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