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Business, 24.04.2020 15:43 whereswoodruff

MicroTech Corporation is subject to a 35% income tax rate. Given the following information about the firm’s capital structure, calculate the corporation’s weighted-average cost of capital (WACC): (Do not round intermediate calculations. Round your answers to 2 decimal places. (i. e. 0.1234 = 12.34%).) Source of Funds Market Value After-Tax Rate or Expected Return Long-term debt $ 40 million 7.0 % Preferred stock 20 million 9.0 Common stock 60 million 12.0

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MicroTech Corporation is subject to a 35% income tax rate. Given the following information about the...
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