What is mnink wacc

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Question - Suppose that MNINK Industries' capital structure features 63 percent equity, 8 percent preferred stock, and 29 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 11.60 percent, 9.50 percent, and 9.00 percent, respectively.

Required - What is MNINK's WACC if the firm faces an average tax rate of 21 percent and can make full use of the interest tax shield?

Reference no: EM133157975

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