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Home Q & A Board Other Fields Homework Help Business Accounting
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ʎddɐɥ ʎddɐɥ
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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 blended cost of capital?
A) 10.50%
B) 15.00%
C) 30.00%
D) 16.80%
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hol23hol23
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#1
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7 years ago
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ʎddɐɥ Author
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7 years ago
Correct Slight Smile TY
hannahspillett
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Yesterday
This helped my grade so much Perfect
Mkersey12
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Brilliant ツ
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