The weighted average cost of capital up to the point when retained earnings are exhausted is (See Table 11.2.)
A. 6.8 percent.
B. 7.7 percent.
C. 9.44 percent.
D. 11.29 percent.
Answer:C
The weighted average cost of capital up to the point when retained earnings are exhausted is (See Table 11.2.)
A. 6.8 percent. B. 7.7 percent. C. 9.44 percent. D. 11.29 percent.