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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following information was provided for Mr. Rooter Company. The company had total assets of $2,300,000. Of these assets $805,000 was financed with debt at 9%. $1,495,000 was financed with equity capital when the cost of equity financing was 21%. What is Mr. Rooter's weighted cost of financing equity?
A) 21.00%
B)   7.35%
C) 13.65%
D)   5.85%
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
Wow!
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