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What is its weighted average cost of capital

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Reference no: EM133075276

Question - Consider the following information for Flushing Auto Supplies Inc:

Balance Sheet debt $24,000

Book Value 16,000

Market Cap 90,000

The interest rate on the debt is 8% and Flushing's tax rate is 20%. If Flushing has an Re = 15%, what is its weighted average cost of capital?

Reference no: EM133075276

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