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QUESTION
Assume that you are on the financial staff of Sinkey Enterprises, and you have collected the following data:(1) The yield to maturity on the...
Assume that you are on the financial staff of Sinkey Enterprises, and you have collected the following data: (1) The yield to maturity on the company's outstanding 7% annual coupon bonds is 5.0%, and its tax rate is 25%. (2) The risk-free rate is 3.0%, the market risk premium (rM - rRF) is 6.0%, and the firm's beta is 1.10. (3) The firm's capital structure consists of 40% debt and 60% equity. What is Sinkey's WACC?
