Empress Corp
Subject:FinancePrice: Bought3
Empress Corp. has no debt but can borrow at 8.2 percent. The ? rm's
WACC is currently 11 percent, and the tax rate is 35 percent. a. What is the company's cost of equity? b. If the ?rm converts to 25 percent debt, what will its cost of equity be? c. If the ? rm converts to 50 percent debt, what will its cost
