INTERMEDIATE ACCOUNTING CONNECT ACCESS +
INTERMEDIATE ACCOUNTING CONNECT ACCESS +
10th Edition
ISBN: 9781264388608
Author: SPICELAND
Publisher: MCG
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Tom Manufacturing Corp. desires a weighted average cost of capital of 8%. The firm has an after-tax cost of debt of 5% and a cost of equity of 14%. What debt-equity ratio is needed for the firm to achieve its targeted weighted average cost of capital? A. 0.25 B. 0.50 C. 1.50 D. 2.00 E. 3.00
General accounting
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