medium · CFA Level I corp

Sable Payments has $200 million in market value of debt and $300 million in market value of equity. If the pre-tax cost of debt is 8%, the cost of equity is 12%, and the tax rate is 25%, the WACC is closest to:

  1. 10.4%
  2. 9.6%
  3. 8.4%

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