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QUESTION
Plasti-tech Inc. has total debt-to-equity ratio of 0. Currently, its debt has a pretax interest rate of 10%. The firm's common stock trades at $15.00...
Plasti-tech Inc. has total debt-to-equity ratio of 0.6. Currently, its debt has a pretax interest rate of 10%. The firm's common stock trades at $15.00 per share and its most recent dividend was $1.00. Future dividends are expected grow by 4%. If the tax rate is 35%, what is Plasti-tech's WACC?
