Its cost of equity is 103 percent and its pretax cost of


Tulloch Manufacturing has a target debt-equity ratio of .45. Its cost of equity is 10.3 percent, and its pretax cost of debt is 6.4 percent. If the tax rate is 35 percent, what is the company's WACC?

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Finance Basics: Its cost of equity is 103 percent and its pretax cost of
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