Multiple Choice
A firm requires an investment of $30,000 and borrows $15,000 at 6%.If the cost of equity is 18%,and the firm's WACC is 10.8%,what is the firm's tax rate?
A) 40%
B) 35%
C) 30%
D) 45%
E) 50%
Correct Answer:
Verified
Correct Answer:
Verified
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