(Answered) Question laverne sportgoods inc has total debt ratio of 05

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Question: Laverne Sportgoods Inc. has total debt ratio of 0.5. Currently, its debt has a pretax interest rate of 10%. The firm's common stock trades at $15.00 per share and its most recent dividend was $1.00. Future dividends are expected grow by 4%. If the tax rate is 34%, what is Plasti-tech's WACC?

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