Tafkap industries has 4 million shares of stock outstanding, Ask an Expert

Finance

TAFKAP Industries has 4 million shares of stock outstanding selling at $18 per share, and an issue of $24 million in 8.0 percent annual coupon bonds with a maturity of 10 years, selling at 102 percent of par.

Assume TAFKAP's weighted average tax rate is 34 percent and its cost of equity is 13.0 percent. What is TAFKAP's WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92859563

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