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QUESTION
Air Taxi, Inc. has provided the following information: Debt-Equity Ratio Target 0.35 Cost of equity 9.4 percent Pretax cost of debt 5.
Air Taxi, Inc. has provided the following information:
- Debt-Equity Ratio Target 0.35
- Cost of equity 9.4 percent
- Pretax cost of debt 5.5 percent
- Tax rate 30 percent
Calculate the company's weighted average cost of capital.
