What is plasti-tech wacc

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Plastic-tech Inc. is financed 60% with equity and 40% with debt. Currently its debt has a before-tax interest rate of 12%. Plastic-tech's common stock trades at $15 per share and its most recent dividend was $1. Dividends are expected to grow by 4%. If the tax rate is 35% what is Plasti-tech's WACC?

Reference no: EM132535229

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