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Unformatted text preview: $4.3 million from stock sales with an average cost of 12.5% per year. $5.7 million in retained earnings that could have be used to earn an 11.5% return elsewhere. If Acme’s effective tax rate is 36%, what is their after-tax weighted average cost of capital?...
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This note was uploaded on 12/07/2011 for the course CIVL 4111 taught by Professor Moore,l during the Fall '08 term at U. Memphis.
- Fall '08