medium · Investment Banking

A company has a Debt-to-Equity ratio of 1.0x, a cost of equity of 12%, and a pre-tax cost of debt of 8%.

If the marginal tax rate is 25%, what is the Weighted Average Cost of Capital (WACC)?

  1. 10.0%
  2. 7.5%
  3. 9.0%
  4. 11.0%

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