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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 36
Gentech, Inc. financed a new product as follows: $5 million in stock sales at 13.7% per year, $2 million in retained earnings at 8.9% per year, and $3 million through convertible bonds at 7.8% per year. The company's WACC is closest to:
A) 9% per year
B) 10% per year
C) 11% per year
D) 12% per year
A) 9% per year
B) 10% per year
C) 11% per year
D) 12% per year
Explanation
Verified
Verified
The formula for weighted avera...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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