Determine the weighted cost of capital for the Mills Company that will finance its optimal capital budget with $120 million of long-term debt (kd = 12.5%) and $180 million in retained earnings (ke = 16.0%). Mills' present capital structure is considered optimal. The company's marginal tax rate is 40%. (Compute answer to nearest 0.1%.)
A) 14.3%
B) 12.6%
C) 14.6%
D) 11.9%
B
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Every year, Pamela provides a Thanksgiving dinner for employees on the Wednesday before the holiday. During this time, she thanks her employees for their hard work and singles out a few exemplary performers that typify the values she hold hear in her organization. This is an example of a ______.
A. story B. symbol C. language D. ritual
Consideration is needed to make a promise legally enforceable
Indicate whether the statement is true or false
Which of the following is not a common myth about entrepreneurs?
a. Entrepreneurs are academic and social misfits. b. Entrepreneurs are doers, not thinkers. c. Entrepreneurs today are considered heroes. d. All you need to be an entrepreneur is money.
You own a(n) ________ certificate, which is a certificate that represents a portion of ownership in a pool of federally insured mortgages
A) interest B) mortgage bond C) collateral D) pass-through E) none of the above