Find the WACC for PTX Ltd

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Problem 1: The market value of all PTX debentures is $14 million when the market yield for PTX debentures is 10.48%. The cost of equity for PTX Ltd is estimated to be 19.44% with the current market value of $28 million. The tax rate is 30%. Find the WACC for PTX Ltd. (Round the final answer to two decimal places. If your answer is 12.34%, write 12.34; do NOT write 0.1234)

Reference no: EM132902898

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