Jerry Jeff, Inc. has 15,200 shares of common stock outstanding at a price per share...
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Finance
Jerry Jeff, Inc. has 15,200 shares of common stock outstanding at a price per share of $78 and the rate of return on the stock is 11.73 percent. The value of Jerry Jeff's debt is $608,220 and the required rate of return on the debt is 6.19 percent. What is the Jerry Jeff's WACC if the tax rate is 21 percent?
9.41%
9.85%
8.54%
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