Lannister Manufacturing has a target debt-equity ratio of 85. Its cost of equity is 10 percent, and its cost of debt is 7 percent. If the tax rate is 23 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC

Essentials Of Investments
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Lannister Manufacturing has a target debt-equity ratio of 85. Its cost of equity is 10
percent, and its cost of debt is 7 percent. If the tax rate is 23 percent, what is the
company's WACC? (Do not round intermediate calculetions and enter your answer as
a percent rounded to 2 decimal places, e.g., 32.16.
WACC
Transcribed Image Text:Lannister Manufacturing has a target debt-equity ratio of 85. Its cost of equity is 10 percent, and its cost of debt is 7 percent. If the tax rate is 23 percent, what is the company's WACC? (Do not round intermediate calculetions and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. WACC
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