FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information relates to the X Division of NUBD Co:
Interest rate on debt capital 9%
Market value of debt capital: P70 million
Market value of equity capital: P80 million
Income tax rate: 30%
On the basis of this information, NUBD's weighted-average cost of capital is: (round-off to 2 decimal places)
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