Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. getrich has 1.8 million shares outstanding and a c

Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share....

70.2K

Verified Solution

Question

Finance

Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share. It also has $70.2 million in outstanding debt, with a debt cost of capital of 9.6%. Getrichs equity cost of capital is 12.7%. If the corporate tax rate is 27.5%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the Laplace transform to find the solution y(t) to the IVP y??+3y?+2y=2e?tt with initial condition...

Basic Math
Q

Answer the following questions on the article: What are the main arguments in the article? What...

Biology
Q

Why do you need to stimulate the nerve for longer at a lower stimulus intensity?

Biology
Q

3. Use the information in problem 1 and the experimental data from a tracer study shown...

Chemistry
Q

Crusty’s has collected data for the last ten days for the time from when an order...

Basic Math
Q

Name this structure Cilia 02015 Ponce Education e O Mitochondria O Flagella O Cell body...

Biology
Q

Hint 65 In the circuit shown the value of I in ampere is 492 www...

Physics
Q

AXYZ T 1 R axis D AABC Draw A XYZ 02 9 the graph below...

Geometry
Q

Discontinued operations, and unusual gains and losses are both reported net of tax in the...

Accounting
Q

FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases...

Accounting
Q

Write a paper on performance measurement systems by comparing and contrasting between traditional and contemporary...

Finance
Q

OptiLux is considering investing in an automated manufacturing system. The system requires an initial ...

Accounting