Weighted average cost of capital-lis company

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LIS Company has $60 million in long-term debt, $85 million in shareholder's equity [both figures are market value basis]. The cost of equity is 13%, cost of long-term debt is 8.5% and the tax rate is 18%. What is the weighted average cost of capital [WACC] for LIS?

Reference no: EM132585531

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