(Solution) 11/17/13 Ce Nga Ge NOW | Online Te A C Hing A Nd Le A R Ning R E Sour C E F R Om Ce Nga Ge Le A R Ning As S Ignment Sc Or E:00% Assign Men T: HW 9 Ch... | Snapessays.com


(Solution) 11/17/13 Ce nga ge NOW | Online te a c hing a nd le a r ning r e sour c e f r om Ce nga ge Le a r ning As s ignment Sc or e:00% Assign men t: HW 9 Ch...


Question 3 - Please see attached.11/17/13

 

CengageNOW | Online teaching and learning resource from Cengage Learning

 

west.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do

 

1/1

 

Cengage Learning

 

Assignment: HW 9 ­ Ch 10

 

Assignment Score: 10.00%

 

Save

 

Exit

 

Submit Assignment for Grading

 

Problem 10­9

 

WACC

 

The Patrick Company's year­end balance sheet is shown below. Its cost of common equity is

 

18%, its before­tax cost of debt is 12%, and its marginal tax rate is 40%. Assume that the

 

firm's long­term debt sells at par value. The firm has 576 shares of common stock

 

outstanding that sell for $4.00 per share. Calculate Patrick's WACC using market value

 

weights. Round your answer to two decimal places.

 

Assets

 

Liabilities And Equity

 

Cash

 

$ 120

 

Accounts receivable

 

240

 

Inventories

 

360

 

Long­term debt

 

$1,049

 

Plant and equipment, net

 

2,160

 

Common equity

 

1,831

 

Total assets

 

$2,880

 

Total liabilities and

 

equity

 

$2,880

 

%

 

Questions

 

Question 3 of 10

 

3.

 

4.

 

5.

 

6.

 

7.

 

8.

 

9.

 

10.

 

Check My Work

 

eBook

 

Check My Work

 

100% Correct

 

Partially Correct

 

Visited, Not Yet Judged

 

Incorrect

 

Needs Instructor Grading

 

Not Intended for Grading

 

Question 3 of 10

 

Save

 

Exit

 

Submit Assignment for Grading

 

Cengage Technical Support

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: May 23, 2022

Solution~00021147601936.zip (25.37 KB)


This attachment is locked

Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

May 23, 2022

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • ■ As a reference for in-depth understanding of the subject.
  • ■ As a source of ideas / reasoning for your own research (if properly referenced)
  • ■ For editing and paraphrasing.

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

Get Free Price Quote