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Percy Motors has a target capital structure of 45% debt and

Assignment Help Finance Percy Motors has a target capital structure of 45% debt and

Finance

Percy Motors has a target capital structure of 45% debt and

Percy Motors has a target capital structure of 45% debt and 55% c… Show more Problem 10-3 Cost of common equity Percy Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company’s outstanding bonds is 12%, and its tax rate is 40%. Percy’s CFO estimates that the company’s WACC is 13.50%. What is Percy’s cost of common equity? Round your answer to two decimal places. Can some explain how the answer to this, I see the answer but I don’t know how to get to that answer.. % • Show less

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