Calculate condor weighted average cost of capital

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Condor Corporation has a target capital structure that consists of 30 percent debt and 70 percent equity. Condor can borrow at an interest rate of 9 percent. Also, Condor has determined its cost of equity to be 12 percent. Condor's tax rate is 21 percent. Calculate Condor's weighted average cost of capital??

Reference no: EM132202893

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