Abby Industries has the following capital structure.
June 7th, 2024
Abby Industries has the following capital structure. The corporate tax rate for Abby is 34 percent. Determine the after tax WACC for Abby Industries.Type Amount ReturnMortgages (debt) $ 25,000,000 5%Bonds (debt) $350,000,000 8%Common Stock $175,000,000 10%Preferred Stock $ 50,000,000 8%Retained Earnings $120,000,000 12%