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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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Posts: 4603
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9 years ago
Springfield Corporation, whose tax rate is 30%, has two sources of funds: long-term debt with a market value of $6,000,000 and an interest rate of 8%, and equity capital with a market value of $15,000,000 and a cost of equity of 12%. What is Springfield's weighted average cost of capital (WACC)?
A) 9.17%
B) 9.57%
C) 10.17%
D) 11.17%
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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#1
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9 years ago
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jerico Author
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#2
9 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
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#3
9 years ago
Sweet, you're welcome.
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