Magnificent Metal Mining (MMM) expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year.
January 12th, 2018
Magnificent Metal Mining (MMM) expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year. If MMM’s capital structure consists of 25% debt and 75% common equity, stated in total funds, what is the weighted average cost of capital (WACC) break point that is associated with retained earnings?