Nimbus Racing Broom Company has a debt-to-asset ratio of 45%. The firm estimates that the...
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Nimbus Racing Broom Company has a debt-to-asset ratio of 45%. The firm estimates that the before tax cost of debt is 8.55% and the cost of equity is 12.4%. If the corporate tax rate is 34%, what is the company's WACC? FORMAT TO FOUR DECIMAL PLACES Select one: O A. 11.93% O B. 9.36% O C. 15.09% O D. 12.85% O E. 14.15%
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