The 6 in the hundreds place tells you the quotient is at least 100. The non-zero digits in the 1s and 10s places tell you the quotient is more than 100.
Beta= 1.3
Debt to equity ratio= 0.4
Market rate of return= 11.6%
= 11.6/100
= 0.116
Tax rate= 32%
= 32/100
= 0.32
Risk free rate= 3.3%
= 3.3/100
= 0.033
Pretax cost of debt= 7.2%
= 7.2/100
= 0.072
The firm's WACC can be calacluated as follows
RS= 0.033+1.3(0.116-0.033)
= 0.033+1.3(0.083)
= 0.033+0.1079
= 0.1409
WACC= (1/1.4)(0.1409)+(2/1.4) (0.072)(1-0.32)
= (0.7142)(0.1409) + (1.4285)(0.072)(0.68)
= 0.1006+0.0699
= 0.1705(100)
= 17.05%
Hence the firm's WACC is 17.05%
Answer:
Step-by-step explanation:
To find inverse of a function, follow the steps below:
1. replace h(x) with y
2. Interchange x and y
3. Solve for the new y
4. Replace y to 
(this is the inverse function)
<u>Step 1:</u> y = -2/3x+6
<u>Step 2:</u> x = -2/3y+6
<u>Step 3:</u>
<u>Step 4:</u>
This is the inverse function.
Answer: 3
Step-by-step explanation: 6 is 3 and 3 so b is 3 and x is 3
